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.
Atlassian’s growth has been strong and is expected to remain so, with robust new customer adds, client retention, upselling, and the introduction of new solutions.
Atlassian has traded at lofty valuations at times, and while it might continue to generate strong growth, the company may fail to live up to the optimistic assumptions that are sometimes embedded in the share price.
Metric | TEAM | NOW | MSFT |
|---|---|---|---|
Price/Earnings (Normalized) | 25.32 | 26.91 | 29.41 |
Price/Book Value | 42.72 | 8.08 | 8.38 |
Price/Sales | 5.75 | 6.88 | 11.41 |
Price/Cash Flow | 20.94 | 18.41 | 20.39 |
Metric | TEAM | NOW | MSFT |
|---|---|---|---|
Quick Ratio | 0.62 | 0.58 | 0.83 |
Current Ratio | 0.72 | 0.72 | 1.22 |
Interest Coverage | 4.57 | 11.70 | 55.15 |
Metric | TEAM | NOW | MSFT |
|---|---|---|---|
Return on Assets (Normalized) | 28.72% | 14.52% | 19.01% |
Return on Equity (Normalized) | 143.87% | 31.98% | 32.28% |
Return on Invested Capital (Normalized) | 70.07% | 22.26% | 28.37% |
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