Atlassian Q1 results top estimates on stronger cloud, data center growth

Investing.com -- Atlassian Corp Plc (NASDAQ:TEAM ) reported Thursday fiscal first quarter results that topped Wall Street estimates amid strong cloud and data center growth.  

Atlassian Corp Plc (NASDAQ:TEAM ) was up 15% in aftermarket hours following the report. 

Box reported adjusted EPS of $0.77 on revenue of $1.19 billion, ahead of estimates of $0.54 and $966.1M, respectively.  

Atlassian ended its Q1 with 46,844 customers with greater than $10,000 in Cloud annualized recurring revenue, up 17% year-over-year.

For the fiscal Q2, revenue was forecast in a range of $1.23B to $1.24B, compared with analyst estimates for $1.23B.

Looking ahead to fiscal 2025, revenue growth was guided in a range 16.5% to 17%. 

 

Source: Investing.com