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July 29, 2021, 4:36 p.m. EDT

Atlassian stock rallies as results, outlook beat Street view

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By Wallace Witkowski

TEAM

Atlassian Corp.  /zigman2/quotes/207177221/composite TEAM -5.33%  shares rallied in the extended session Thursday after the business collaboration software company’s results and outlook topped the Wall Street consensus. Atlassian shares surged 9% after hours, following a 0.9% decline in the regular session to close at $266.79. The company reported a fiscal fourth-quarter loss of $213.1 million, or 85 cents a share, compared with a loss of $385.2 million, or $1.56 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 24 cents a share, compared with 25 cents a share in the year-ago period. Revenue rose to $559.5 million from $430.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast 18 cents a share on revenue of $471.6 million. Atlassian forecast adjusted earnings of 38 cents to 39 cents a share on revenue of $575 million to $590 million for the first quarter. Analysts had estimated 30 cents a share on revenue of $539.1 million.

/zigman2/quotes/207177221/composite
US : U.S.: Nasdaq
$ 391.89
-22.05 -5.33%
Volume: 1.44M
Sept. 27, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$104.28 billion
Rev. per Employee
$324,752
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