Atlassian Q3 earnings surpass market expectations, reveals longtime CEO leaving

seekingalpha04-26

Atlassian Corporation (NASDAQ:TEAM) announced its third-quarter fiscal 2024 financial results on Thursday afternoon, along with the news that co-founder and co-CEO Scott Farquhar will step down on ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430252867?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1199347648/image_1199347648.jpg","is_english":true,"pubTime":"2024-04-26 04:54","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2430252867","market":"fut","top_or_hot":-1,"title":"Atlassian Q3 earnings surpass market expectations, reveals longtime CEO leaving","media":"seekingalpha","content":"<div>\n<p>Atlassian Corporation (NASDAQ:TEAM) announced its third-quarter fiscal 2024 financial results on Thursday afternoon, along with the news that co-founder and co-CEO Scott Farquhar will step down on ...</p>\n\n<a href=\"https://seekingalpha.com/news/4094405-atlassian-beats-q3-estimates-announced-ceo-leaving\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Atlassian Q3 earnings surpass market expectations, reveals longtime CEO leaving</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAtlassian Q3 earnings surpass market expectations, reveals longtime CEO leaving\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 04:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4094405-atlassian-beats-q3-estimates-announced-ceo-leaving><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Atlassian Corporation (NASDAQ:TEAM) announced its third-quarter fiscal 2024 financial results on Thursday afternoon, along with the news that co-founder and co-CEO Scott Farquhar will step down on ...</p>\n\n<a href=\"https://seekingalpha.com/news/4094405-atlassian-beats-q3-estimates-announced-ceo-leaving\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TEAM","symbol_name":"Atlassian Corporation PLC","start_time":0,"source_url":"https://seekingalpha.com/news/4094405-atlassian-beats-q3-estimates-announced-ceo-leaving","article_id":"2430252867","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1199347648/image_1199347648.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430252867","pubTimestamp":1714078461,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Atlassian Corporation (NASDAQ:TEAM) announced its third-quarter fiscal 2024 financial results on Thursday afternoon, along with the news that co-founder and co-CEO Scott Farquhar will step down on Aug","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TEAM":"Atlassian Corporation PLC","BK4532":"文艺复兴科技持仓","BK4548":"巴美列捷福持仓","BK4561":"索罗斯持仓","BK4585":"ETF&股票定投概念","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4528":"SaaS概念","BK4023":"应用软件","BK4566":"资本集团","BK4588":"碎股"},"translate_title":"Atlassian第三季度盈利超过市场预期，长期首席执行官离职","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEAM":1},"content_text":"Atlassian Corporation (NASDAQ:TEAM) announced its third-quarter fiscal 2024 financial results on Thursday afternoon, along with the news that co-founder and co-CEO Scott Farquhar will step down on August 31. Atlassian's stock price plummeted 8% during early post-market trading following the announcements.  Farquhar has been with the company for 23 years. He made the decision to step down in order to spend more time with family and work on philanthropic projects. He will continue to work with the company as an active board member. Co-founder Mike Cannon-Brookes will continue as CEO. \"While it's a difficult decision to step away, I do so knowing Atlassian is exceptionally positioned to take hold of the massive opportunities at its feet,\" Farquhar said. \"We have a strong leadership team, and great momentum around cloud, enterprise, and now, AI.\" Atlassian's third quarter results surpassed market expectations. The company reported earnings per share of $0.89 on revenue of $1.18B. The analysts' consensus expected earnings per share of $0.63 on revenue of $1.1B for the quarter-ended March 31. \"Today, Atlassian is a cloud-majority company,\" Cannon-Brookes said. \"We have over 300,000 customers using our Cloud products and have seen a 3x increase in paid seats in Cloud since we announced end-of-support for Server three and a half years ago.\" Looking ahead, the DevOps and enterprise software company expects fourth quarter revenue to range from $1.12B to $1.135B, which is more than the market consensus of $1.105B. Atlassian will discuss results during an earnings call at 5 p.m. EST.  More on Atlassian  Atlassian's Cloud Segment: Key Revenue Driver, More Than Fully Priced Atlassian: Long-Term Prospects Are Alive, But Wait For A Better Entry Point Atlassian: No Catalysts For Appreciation This Year (Rating Downgrade) Atlassian Non-GAAP EPS of $0.89 beats by $0.26, revenue of $1.19B beats by $90M Atlassian Q3 2024 Earnings Preview","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430252867"}