TEAM Stock Recent News

Atlassian (NASDAQ: TEAM) stock price has pulled back in the past few months as concerns about the company's growth continued. After peaking at $215.72 in September, the shares have retreated by over 18.2% from the highest point.

Collaboration software developer Atlassian Co. NASDAQ: TEAM products enable work teams to operate more effectively. Over 250,000 customers use the company's workflow collaboration and project management software throughout 190 countries, including over 80% of the Fortune 500.

Atlassian's (TEAM) robust first-quarter fiscal 2024 performance reflects benefits from growing Subscription revenues, stronger renewals, migrations and paid seat expansion.

Atlassian (NASDAQ:TEAM) reported impressive results for its most recent quarter but shares of the IT company dropped on Friday after it forecast slowing growth in the coming quarters. During its fiscal 1Q 2024, Atlassian (NASDAQ:TEAM) achieved a 21.1% year-on-year increase in revenue, reaching $977.8 million, marking a substantial acceleration in growth.

Atlassian Corporation (NASDAQ:TEAM ) Q1 2024 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Martin Lam - Head of Investor Relations Scott Farquhar - Co-Founder and Co-CEO Mike Cannon-Brookes - Co-Founder and Co-CEO Cameron Deatsch - Chief Revenue Officer Joe Binz - Chief Financial Officer Conference Call Participants Ryan MacWilliams - Barclays Karl Keirstead - UBS Brent Thill - Jefferies Kash Rangan - Goldman Sachs Fred Havemeyer - Macquarie Gregg Moskowitz - Mizuho Michael Turrin - Wells Fargo Peter Weed - Bernstein Ari Terjanian - Cleveland Research Jacob Roberge - William Blair Keith Bachman - BMO Fatima Boolani - Citi Derrick Wood - Cowen Mark Cash - Raymond James Keith Weiss - Morgan Stanley Michael Turits - KeyBanc Ittai Kidron - Oppenheimer Lucas Morison - Canaccord Genuity Operator Good afternoon and thank you for joining Atlassian's Earnings Conference Call for the First Quarter of Fiscal Year 2024. As a reminder, this conference call is being recor

Although the revenue and EPS for Atlassian (TEAM) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Atlassian beat on the top and bottom lines and issued a forecast that met analysts' estimates

Shares of Atlassian Corp. TEAM, +2.00% staggered 14% in extended trading Thursday after the software company reported quarterly results. Atlassian posted a fiscal first-quarter net loss of $31.9 million, or 12 cents a share, compared with a net loss of $13.7 million, or 5 cents a share, in the year-ago quarter.

Evaluate the expected performance of Atlassian (TEAM) for the quarter ended September 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Atlassian (TEAM) is experiencing remarkable growth, driven by rising demand for its cloud-based solutions and sustained focus on strengthening its product portfolio through acquisitions and partnerships.