Atlassian Again Raises Annual Financial Targets Following Strong 2Q Results -- Earnings Review

Date : 01/23/2020 @ 9:38PM
Source : Dow Jones News
Stock : Atlassian Corporation PLC (TEAM)
Quote : 153.88  -0.54 (-0.35%) @ 1:00AM
After Hours
Last Trade
Last $ 153.83 ▼ -0.05 (-0.03%)

Atlassian Again Raises Annual Financial Targets Following Strong 2Q Results -- Earnings Review

Atlassian (NASDAQ:TEAM)
Historical Stock Chart

1 Month : From Jan 2020 to Feb 2020

Click Here for more Atlassian Charts.
   By Maria Armental 
 

Atlassian Corp. reported second-quarter results on Thursday. Here's what you need to know:

EARNINGS: Profit surged to $124.1 million, or 49 cents a share, from a profit of $45.2 million, or 18 cents a share, a year earlier. On an adjusted basis, profit rose to 37 cents a share from 25 cents a share a year earlier. The company had projected a loss of about 3 cents a share, or a profit of 27 cents a share on an adjusted basis. Analysts surveyed by FactSet expected a loss of 2 cents a share, or a profit of 27 cents a share on an adjusted basis.

REVENUE: Total revenue rose to $408.7 million from $299 million a year earlier. Atlassian had projected $386 million to $390 million, and analysts expected $389 million.

OUTLOOK: Atlassian again raised financial targets for the year, saying it now expects about 48 cents to 54 cents a share in profit, or $1.03 to $1.09 a share on an adjusted basis, and $1.59 billion to $1.6 billion in revenue. It previously projected 1 cent a share in profit, or $1 a share on an adjusted basis, and $1.56 billion to $1.57 billion in revenue.

 

Write to Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

January 23, 2020 16:23 ET (21:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest TEAM Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.