Atlassian Corp Class A
TEAM: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Nb | LOCK|v%BZ | LOCK|f>hth?w |
Atlassian Earnings: Strong Quarter, Cautious Outlook
Atlassian's fiscal first-quarter revenue rose 24% to $1.77 billion, above the top of guidance, as cloud revenue grew 31%. Non-GAAP operating margin of 32.5% beat the 28.5% guide. Even so, shares fell about 17% after hours as the outlook implies slower growth for the rest of the year.
