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published in Blogs
Aug 01, 2021
Atlassian (TEAM, $325.12) beats Q4 earnings estimates

Atlassian (TEAM, $325.12) beats Q4 earnings estimates

Atlassian Corp. posted fourth-quarter results that exceeded analysts’ expectations.

The software company incurred a fiscal fourth-quarter loss of - 85 cents per share, compared with a loss of $- $1.56 per share a year ago.

Adjusted earnings for the quarter came in at 24 cents per share, surpassing analyst estimates of 18 cents per share.

Revenue of  $559.5 million also topped analysts’ expectations of $471.6 million. The figure is also higher than the year-ago quarter’s $430.5 million.

For the first quarter, Atlassian is expecting adjusted earnings between 38 cents and 39 cents per share, compared to analysts’ forecast of  30 cents per share. The company has projected a revenue range of $575 million to $590 million, vs. analysts’ estimate of $539.1 million.

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