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.