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Oct. 17, 2019, 4:23 p.m. EDT

Atlassian stock declines after slight beat

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By Wallace Witkowski


Atlassian Corp. /zigman2/quotes/207177221/composite TEAM +10.67% shares declined in the extended session Thursday even after the enterprise cloud-software company posted results and an outlook slightly above Wall Street estimates. Atlassian shares fell 3.3% after hours, following a 1.3% decline in the regular session to close at $122.64. The company reported fiscal first-quarter net income of $69.3 million, or 28 cents a share, compared with a loss of $242.4 million, or $1.03 a share, in the year-ago period. Revenue rose to $363.4 million from $267.3 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 24 cents on revenue of $351.8 million. Atlassian expects adjusted fiscal second-quarter earnings of about 27 cents a share on revenue of $386 million to $390 million, while analysts had forecast 26 cents a share on revenue of $381.5 million. Atlassian also announced it acquired automation company Code Barrel for an undisclosed amount.

US : U.S.: Nasdaq
$ 146.79
+14.15 +10.67%
Volume: 8.03M
Jan. 24, 2020 4:15p
P/E Ratio
Dividend Yield
Market Cap
$36.21 billion
Rev. per Employee

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