Welcome to our dedicated page for Atlassian news (Ticker: TEAM), a resource for investors and traders seeking the latest updates and insights on Atlassian stock.
Atlassian Corporation reports developments in team collaboration and productivity software for software development, work management, and enterprise service management. Recurring updates center on Jira, Confluence, Rovo, the Teamwork Graph, AI agents, and the company’s broader System of Work for connecting business and technology teams.
News for TEAM also covers cloud revenue trends, annual recurring revenue metrics, customer commitments, product collections, enterprise licensing models such as Flex, and partnerships that extend Atlassian’s AI and collaboration tools. Corporate updates include financial results, shareholder letters, leadership appointments, and governance changes tied to the company’s public-company operations.
Williams Racing and Atlassian (NASDAQ: TEAM) have announced a landmark long-term title partnership, forming Atlassian Williams Racing. This represents the largest partnership deal in Williams' 48-year history. The collaboration brings together Williams, one of F1's most successful teams with 114 wins and multiple championships, and Atlassian, a leading software company serving over 300,000 customers globally.
As the Official Title Partner, Technology Partner, and Collaboration Software partner, Atlassian will integrate its AI-powered collaboration software across Williams' operations to enhance teamwork and performance. The partnership will debut with the FW47 race car for the 2025 Formula 1 season, featuring drivers Alex Albon and Carlos Sainz. A special one-off livery will be unveiled at Silverstone, followed by the official 2025 race livery reveal on February 18 at London's O2.
Atlassian (NASDAQ: TEAM) reported strong Q2 FY2025 results with total revenue reaching $1.29 billion, up 21% year-over-year. Subscription revenue grew 30% to $1.21 billion. The company achieved a non-GAAP operating margin of 26% despite a GAAP operating loss of $57.5 million.
Key financial metrics include cash flow from operations of $352 million and free cash flow of $343 million. The company maintains a strong balance sheet with $2.5 billion in cash and marketable securities. Atlassian reported 49,449 customers with greater than $10,000 in Cloud ARR, representing 15% year-over-year growth.
For Q3 FY2025, Atlassian projects revenue between $1.345-1.353 billion, with expected Cloud revenue growth of 23.5%. The company updated its FY2025 guidance, forecasting total revenue growth of 18.5-19.0%.
Atlassian (NASDAQ: TEAM) has announced it will release its second quarter fiscal year 2025 financial results on Thursday, January 30, 2025, after market close. The company will host a conference call at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time) to discuss the financial results.
A shareholder letter will be posted to the Investor Relations section of Atlassian's website concurrent with the earnings release. A live webcast of the call will be accessible from the company's Investor Relations website, with a replay available afterward.
Atlassian (NASDAQ: TEAM) has announced the appointment of Christian Smith, Splunk's Chief Revenue Officer, to its Board of Directors, effective January 1, 2025. Smith brings over 30 years of enterprise experience, with expertise in global sales and digital transformation. At Splunk, he oversees global commercial operations and led the company's transformation from perpetual license to recurring revenue model.
Simultaneously, Jay Parikh, who has served on Atlassian's Board since July 2013, will retire effective December 31, 2024. CEO Mike Cannon-Brookes highlighted Smith's ability to simplify complex concepts and his customer-first approach as key assets for Atlassian's enterprise focus.
Atlassian (NASDAQ: TEAM) and Amazon Web Services (AWS) announced a multi-year strategic collaboration agreement to accelerate enterprise cloud migration and enhance AI capabilities. The partnership aims to migrate millions of users from Atlassian's Data Center business, which generates over $1 billion in annual revenue, to Atlassian Cloud.
The collaboration includes establishing a Cloud Center of Excellence to streamline enterprise migrations, potentially reducing migration time by 50%. Atlassian Cloud, powered by AWS, currently serves over 300,000 customers and features AI-powered capabilities through Atlassian Intelligence, which has seen nearly tenfold increase in usage this year.
The agreement also focuses on enhancing the Forge development platform with AWS services, including generative AI technologies like Amazon Bedrock for app development.
Atlassian (NASDAQ: TEAM) reported Q1 FY2025 results with revenue of $1.19 billion, up 21% year-over-year, driven by subscription revenue growth of 33% to $1.13 billion. The company posted a GAAP operating loss of $32 million with a margin of -3%, while non-GAAP operating income was $268.1 million with a 23% margin. Key highlights include the launch of Rovo, an AI-powered product, and the announcement of Brian Duffy as new Chief Revenue Officer effective January 2025. The company ended Q1 with 46,844 customers having >$10,000 in Cloud ARR, up 17% year-over-year. A new $1.5 billion share repurchase program was authorized.
Zip, the AI-powered procurement orchestration platform, has secured $190 million in Series D funding led by BOND, valuing the company at $2.2 billion. This marks the largest investment in procurement technology in over two decades. The funding will be used to:
1. Accelerate R&D efforts, including further development of Zip's Procure-to-Pay product line
2. Establish the Zip AI Lab for developing cutting-edge AI solutions
3. Expand globally, with a focus on the EMEA region
Zip's platform has already processed over $107 billion in customer spend and saved industry giants like Snowflake, Discover, and Sephora over $4.4 billion in procurement spend. The company aims to revolutionize business spending and become the global standard for B2B spend management.
Atlassian (NASDAQ: TEAM) has announced the date for its first quarter fiscal year 2025 financial results release. The company will disclose its financial performance for the quarter ended September 30, 2024, after market close on Thursday, October 31, 2024. Following the release, Atlassian will host a conference call at 2:00 P.M. Pacific Time to discuss the results.
In addition to the earnings press release, Atlassian will publish a shareholder letter on its Investor Relations website. Investors and interested parties can access the live webcast of the call from the company's Investor Relations section. A replay of the call will be available on the same website after the event concludes.
Atlassian continues to use its Investor Relations website as a platform for disclosing material non-public information and complying with its disclosure obligations.
Atlassian (NASDAQ: TEAM) announced its Q4 and FY 2024 results. Key highlights include:
Q4 revenue of $1.132 billion, up 20% YoY, with subscription revenue at $1.069 billion, up 34% YoY. GAAP operating margin at (6)% and non-GAAP at 20%. Cash flow from operations was $426 million, with free cash flow at $413 million.
For FY 2024, revenue reached $4.4 billion, up 23%. GAAP operating margin was (3)%, while non-GAAP was 23%. Free cash flow was $1.4 billion.
Recent milestones include the introduction of Rovo, FedRAMP’s “In Process” status, and winding down server support. The company also expanded its board and is searching for a new Chief Revenue Officer.
Financial targets for Q1 FY 2025 include revenue between $1.149 billion and $1.157 billion with cloud revenue growth at 27% YoY.
Atlassian (NASDAQ: TEAM) has announced the appointment of Scott Belsky to its Board of Directors, effective August 1, 2024. Belsky, currently the Chief Strategy Officer and Executive Vice President of Design & Emerging Products at Adobe (NASDAQ: ADBE), brings extensive experience in product development, strategy, and design to Atlassian's board.
Mike Cannon-Brookes, co-Founder and co-CEO of Atlassian, expressed excitement about Belsky's addition, citing his expertise in building popular products and understanding industry trends, particularly in the context of the AI era. Belsky's role at Adobe includes leading corporate strategy, overseeing design across Adobe's products, and driving the development of emerging products such as 3D & Immersive products, Adobe Stock & Marketplace, and Behance.