Atlassian Corporation (TEAM) – Customer growth, strong revenue and acquisitions

Atlassian Corporation (TEAM) (Q4FY23)

Stock Performance: Over the past year, Atlassian Corporation’s stock price has seen a decline of 7.49%. The stock’s 52-week high is $215.77, while it’s 52- week low is $113.86. However, in the past three months, It has shown an upward trend, providing a return of 7.12%.

Q4FY23 results: Revenue for Q4 was $939mn, a 24% increase Y/Y. Operating Margin was -5% and Non-GAAP operating margin was 22%. GAAP EPS was ($0.36) for the quarter and Non-GAAP diluted EPS was $0.57 for the quarter.

Guidance: For Q1FY24, TEAM expects revenue to be $950mn to $970mn. Cloud revenue growth to be 25% to 27% Y/Y. The gross margin is expected to be ~81%. GAAP operating margin is expected to be ~(8.5%) and the non-GAAP operating margin is expected ~19.5%.

Highlights

Atlassian’s subscription revenue grew 34% Y/Y in Q4FY23, driven by strong growth in cloud and data center subscriptions. Cloud revenue grew 38% Y/Y, while data center revenue grew 46% Y/Y.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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