"Growing like a weed For the fiscal second quarter, which ended Dec. 31, Atlassian reported revenue of $299 million, up 39% from the prior-year quarter. This soared past the company's forecast and analysts' consensus estimates, which came in at $289 million and $288 million, respectively. This was also particularly impressive in light of the fact that it came on top of a 43% year-over-year jump in Q2 18. The most significant gains came from subscription revenue, which grew to $153 million, up 56% from the year-ago quarter, while maintenance revenue increased 21% to $97 million.
It wasn't just revenue that posted remarkable growth. Net income of $62 million increased by 93% year over year, resulting in adjusted earnings per share of $0.25, nearly double the $0.13 achieved in the year-ago quarter. This performance got a boost from a 25% adjusted operating margin, a 300-basis-point increase from this time last year.
Operational metrics were robust as well, as the company added 6,551 new customers, bringing the running total to 138,235.
Recent events Just last month, Atlassian announced that it will acquire enterprise agile planning software provider AgileCraft for $166 million...."
...Hyper growth in cloud business. Adaptavist is seeing massive revenue growth from cloud alone. ..." Revenue has increased 300% year on year and overall adoption (cloud licenses) has increased 70+ per cent.....
Atlassian Corporation PLC (TEAM - Free Report) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.67%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.25, delivering a surprise of 19.05%.
: völlig übertriebene Reaktion auf den Report
mit minus 10% ...heute +5% retour "It's a rare day when shares of Atlassian (TEAM), the Australian software vendor behind a suite of collaboration and project management tools, sinks on earnings. After reporting Q3 results and releasing Q4 guidance, Atlassian's stock dropped nearly 10% - the exact opposite reaction that investors had to Atlassian's last quarter. A glance at the headline figures wouldn't tell the whole story - as per usual, Atlassian beat Wall Street's targets handsomely on both the top and bottom lines, and its Q4 guidance was above expectations for revenue - which, in my view, offsets the slight miss on the EPS forecast."
Enterprise collaboration software provider Atlassian (NASDAQ:TEAM) has been steadily building up its portfolio through acquisitions. This last quarter was no different as the company continued to add other relatively smaller players to its portfolio. Its latest quarterly results also impressed the market, but the outlook failed to deliver and the stock fell 8% in the after-hours session.
Atlassian's Financials Atlassian's third quarter revenues grew 38% over the year to $309.3 million, ahead of the market's forecast of $305 million. Net loss came in at $202.8 million, compared with net loss of $15.8 million reported a year ago. The significant increase in losses was due to a non-cash charge of $172.6 million for marking to fair value the exchange feature of Atlassian's exchangeable senior notes and the related capped calls. On an adjusted basis, Atlassian recorded adjusted earnings of $0.21 per share compared with the Street's forecast of an EPS of $0.18...."
Goldman Sachs analyst Heather Bellini upgraded Atlassian to Buy from Neutral and raised her price target for the shares to $125 from $115. Cnsensus billings expectations for Q4 of $361M, or up 30% year-over-year, appear conservative, Bellini tells investors in a research note. The analyst expects billings of $376M, driven by normalization of deferred revenue seasonality following the deferred revenue underperformance in Q3. Further, she remains positive on Atlassian's "unique low-friction" online sales model. The company should be able to retain the ability to continuously to take price as it enhances its product offerings, says Bellini.
Die Produkte Bitbucket, Jira und Confluence sind Spitzenklasse. Was halt einfach super ist, die Tools interagieren miteinander traumhaft. Ich kenne keine Softwarefirma die so schnell in allen, größeren (auch stinkkonserativen) Unternehmen, Behörden usw. vordringt. Da hat man vorher etliche Jahre nach solchen Lösungen gesucht und auf einmal sind sie da.;-) Ich gehe davon aus, dass die sich in den nächsten 10 Jahren verzehnfachen. Da müssen sich die großen in meinen Augen mittelfristig wirklich warm anziehen...
Ok, Atlassian ist nicht billig Aber es gibt keine Konkurrenz, die so gut verzahnte Produkte hat. Jira, Bitbucket und Confluence sind irgendwie wie Word, Excel und Powerpoint, die werden auch nur zusammen als Office gekauft.
zum Thema Atlassian programmiert unsauber: Als Softwareentwicklerin im öffentlichen Bereich, lese ich öfters freizugänglichen Sourcecode von großen erfolgreichen Projekten. (Ich will ja von den besten Programmieren lernen...) Ich habe noch nie so einen schönen Sourcecode gesehen, wie den von Atlassian. Ich bin heilfroh hier nicht in eine berufliche Konkurrenzsituation zu sein.
Atlassian hat ja schon in fast jedem DAX Unternehmen und im öffentlichen Bereich einen kleinen Fuß in der Tür. Wir haben z.B. wirklich lange gesucht und bei wirklich langen, internen Entscheidungswegen. Die Würfel sind für Atlassian gefallen (mangels ernsthafter Konkurrenz), bzw. seit kurzen arbeiten einige 100 Leute damit. Ich gehe davon aus, dass bei uns in zwei bis vier Jahren auf jedem (ca. 80000) Arbeitsplätze zumindest Confluence läuft. https://de.atlassian.com/customers Ähnliche Entwicklungen höre ich von sämtlichen Kollegen und Freunden (egal ob großes Unternehmen oder irgendwo in Europa im öffentlichen Dienst)
Es wird in den nächsten Jahren nicht nur die Zahl der Arbeitsplätze zunehmen, auf denen Atlassian läuft. Nein sie werden auch je Arbeitsplatz mehr verdienen. Die wirklich tollen (Erweiterungs-)Produkte des appstore https://marketplace.atlassian.com/addons/top-selling sind noch nicht bei den Teams angekommen. Hier ist in der Zukunft riesiges Wachstumspotential vorhanden. Atlassian ist halt momentan keine günstige Aktie. Aber das war und ist salesforce, Amazon usw. auch nie. Bei größeren Rückschlägen würde ich hier nachkaufen.
: Morgan Stanley from Underweight to Equal-Weight
KZ von $99 auf $ 145 ! "It's hard to be Underweight great companies," the analyst said.
The new stack of technologies supporting modern application architectures are a $50-billion market opportunity, growing at a more than 20-percent CAGR through 2023, he said.
"With our negative catalyst for realigning the TEAM valuation having past (Q3 results) and increased confidence in the durability of company's top-line growth, we find it untenable to remain underweight on the shares." ......
"...Few people, however, are talking about how enterprise software company Atlassian (NASDAQ:TEAM) also stands to benefit. Last year, Atlassian inked a partnership with Slack that gave the company a small equity stake and a product alliance. Atlassian's equity stake will probably rise in value, but the company should benefit more from its new business relationship ..Atlassian makes software that helps business teams communicate and collaborate. The company is booming. Over the past four years, Atlassian's revenue has grown by a factor of eight, and it now has a market capitalization greater than $30 billion. Last July, Atlassian announced a deal with Slack in which it sold its Stride business to Slack and discontinued products that were directly competitive. Both companies agreed to improve integration between their products.....Now Atlassian has an ownership stake in a highly valuable company as well as a new channel to cross-sell customers from. Atlassian has turned a huge competitive headache into a win-win situation.....
Sydney, Australia-based Atlassian Corporation PLC TEAM is engaged in designing, developing, licensing and maintaining of software and the provisioning of software hosting services. Over the past 30 days, the Zacks Consensus Estimate for current-quarter earnings has remained unchanged at 19 cents. The stock currently has a Zacks Rank # 3.
bei Morgan Stanleys Tagung gestern hat agr nicht zu dem Absturz getern Stellung genommen oder nur indirekt indem er darn erinnerte ,dass der Wert der Aktien sich im letzten Jahr verdoppelt hat und die Firma langfristig denkt
?We have a good culture in Australia of exporting" he told the Morgan Stanley Australia Summit on Tuesday, but he said we need to replace the "dying" coal and gas components of our mining exports with clean energy.Mr Cannon-Brookes - who was ranked sixth on the Australian Financial Review Rich List for 2019 - did not directly comment on the 8.6 per cent plunge in Atlassian's share price on the Nasdaq Monday (US time), which was triggered by a broader decline for the US tech sector amid regulation fears. But he said Atlassian's focus as a company on was on the long term. ?We are sort of thinking about where is the company in 5 years or 10 years ? not where are we going to be next quarter.? Shares in the software provider have doubled over the past 12 months, propelling its market value to $US28 billion ($40 billion)...."
"...Early last month, analyst firm Goldman Sachs upgraded Atlassian from "neutral" to "buy," with a target price of $125 per share. Goldman analyst Heather Bellini expected the company's fourth-quarter billings to come in near $376 million, far ahead of the $361 million Street consensus. Bellini also saw plenty of room for long-term growth thanks to Atlassian's "unique low-friction" sales model that lets the high-quality products do the talking....Atlassian has a proven tendency to crush Wall Street's revenue and billings estimates, sometimes by a tremendous margin. It's no surprise to see investors embracing a rosy billings forecast against that historical backdrop."
Atlassian (NASDAQ: TEAM) is an Australian-based company that excels in stickiness. Pat Dorsey of Dorsey Asset Management once argued that to have a strong brand, you must do one of two things: have pricing power or lower your customer's search costs. When we asked our head of development about Atlassian's products, he signified that they have both.
Nearly all (98%) customers who spent more than $50K with Atlassian in fiscal 2017 remained on as customers for 2018. Furthermore, over 90% who spent at that level purchased three or more products, implying that their tools are extremely complementary and, after a while, difficult to move away from.
That's an incredibly strong economic moat to have."
....Over the past month, the Zacks Consensus EPS estimate remained stagnant. TEAM is currently sporting a Zacks Rank of #3 (Hold). In terms of valuation, TEAM is currently trading at a Forward P/E ratio of 154.81. This represents a premium compared to its industry's average Forward P/E of 56.57. Investors should also note that TEAM has a PEG ratio of 8.47 right now...