|
Atlassian Revenue Beats - Surges Up 36%
August 4, 2022
 Atlassian reported results for its fourth quarter and fiscal
year ended June 30, 2022. The firm had earnings of 27 cents per
share, adjusted with 27 cents per share expected. The Australian
firm, had revenue of $760 million which was up 36% year over
year in the quarter. Wall Street was looking for revenue of $724
million.
“We capped off fiscal year
2022 with strong Q4 results, growing Cloud revenue 55 percent
year-over-year,” said Mike Cannon-Brookes, Atlassian’s
co-founder and co-CEO. “We believe that Atlassian is uniquely
positioned, with great momentum and a differentiated business
model. While we can’t predict what the future holds at a macro
level, we’re forging ahead with conviction and vigilance as we
look to deepen our strategic position.”
“Our strong competitive position provides us with the
flexibility to invest purposefully and create value for our
customers,” said Scott Farquhar, Atlassian’s co-founder and
co-CEO. “We’re proud of how we continue to execute against our
long-term plans, which includes bringing on top-tier talent from
across the globe. We added over 2,300 new Atlassians in fiscal
year 2022, and they will be instrumental to helping us achieve
our mission to unleash the potential of every team.”
Fourth Quarter Fiscal Year 2022 Financial Highlights:
On an IFRS basis,
Atlassian reported:
- Revenue:
Total revenue was $759.8 million for the fourth quarter of
fiscal year 2022, up 36% from $559.5 million for the fourth
quarter of fiscal year 2021.
- Operating
Loss and Operating Margin: Operating loss was $63.3
million for the fourth quarter of fiscal year 2022, compared
with operating loss of $7.5 million for the fourth quarter
of fiscal year 2021. Operating margin was (8)% for the
fourth quarter of fiscal year 2022, compared with (1)% for
the fourth quarter of fiscal year 2021.
- Net Loss
and Net Loss Per Diluted Share: Net loss was $105.5
million for the fourth quarter of fiscal year 2022, compared
with net loss of $213.1 million for the fourth quarter of
fiscal year 2021. Net loss per diluted share was $0.41 for
the fourth quarter of fiscal year 2022, compared with net
loss per diluted share of $0.85 for the fourth quarter of
fiscal year 2021.
- Balance
Sheet: Cash and cash equivalents plus short-term
investments at the end of the fourth quarter of fiscal year
2022 totaled $1.5 billion.
On a non-IFRS
basis, Atlassian reported:
- Operating
Income and Operating Margin: Operating income was $108.9
million for the fourth quarter of fiscal year 2022, compared
with operating income of $94.9 million for the fourth
quarter of fiscal year 2021. Operating margin was 14% for
the fourth quarter of fiscal year 2022, compared with 17%
for the fourth quarter of fiscal year 2021.
- Net
Income and Net Income Per Diluted Share: Net income was
$68.1 million for the fourth quarter of fiscal year 2022,
compared with net income of $62.2 million for the fourth
quarter of fiscal year 2021. Net income per diluted share
was $0.27 for the fourth quarter of fiscal year 2022,
compared with net income per diluted share of $0.24 for the
fourth quarter of fiscal year 2021.
- Free Cash
Flow: Cash flow from operations was $230.4 million and
free cash flow was $194.7 million for the fourth quarter of
fiscal year 2022. Free cash flow margin for the fourth
quarter of fiscal year 2022 was 26%.
Fiscal Year
2022 Financial Highlights
On an IFRS basis,
Atlassian reported:
- Revenue:
Total revenue was $2.8 billion for fiscal year 2022, up 34%
from $2.1 billion for fiscal year 2021.
- Operating
Income (Loss) and Operating Margin: Operating loss was
$106.5 million for fiscal year 2022, compared with operating
income of $101.6 million for fiscal year 2021. Operating
margin was (4)% for fiscal year 2022, compared with 5% for
fiscal year 2021.
- Net Loss
and Net Loss Per Diluted Share: Net loss was $614.1
million for fiscal year 2022, compared with net loss of
$696.3 million for fiscal year 2021. Net loss per diluted
share was $2.42 for fiscal year 2022, compared with net loss
per diluted share of $2.79 for fiscal year 2021.
On a non-IFRS
basis, Atlassian reported:
-
 Operating
Income and Operating Margin: Operating income was $633.0
million for fiscal year 2022, compared with operating income
of $519.1 million for fiscal year 2021. Operating margin was
23% for fiscal year 2022, compared with 25% for fiscal year
2021.
- Net
Income and Net Income Per Diluted Share: Net income was
$434.3 million for fiscal year 2022, compared with net
income of $357.6 million for fiscal year 2021. Net income
per diluted share was $1.69 for fiscal year 2022, compared
with net income per diluted share of $1.40 for fiscal year
2021.
-
Free Cash Flow: Cash flow from operations was $883.5
million and free cash flow was $763.8 million for fiscal
year 2022. Free cash flow margin for fiscal year 2022 was
27%.
|
