Atlassian Corp
Summary
- Atlassian is a leading provider of team collaboration and productivity software
- It has more than 240,000 customers in approximately 200 countries.
- Recently Atlassian completed its Redomiciliation to the United States
Atlassian (Nasdaq: TEAM) is a global software company a leading provider of team collaboration and productivity software. With its 240,000+ customers and team of 8,800+ Atlassian is building team collaboration and productivity software.
Recent Developments
Atlassian Announces Completion of its Redomiciliation to the United States1
10/03/2022; Atlassian Corporation announces the completion of the company’s redomiciliation from the United Kingdom to the United States.
The High Court of Justice in England and Wales sanctioned the scheme of arrangement under Part 26 of the Companies Act 2006 (the “Scheme”) pursuant to which Atlassian Corporation has become the new Delaware incorporated holding company of Atlassian Corporation Plc and its subsidiaries. Following the delivery on September 30, 2022 of the Court Order to the Registrar of Companies in the United Kingdom, the Scheme became effective.
Financial Highlights
First Quarter Fiscal Year 2023 Results2
11/03/2022; announced financial results for its first quarter of fiscal year 2023 ended September 30, 2022
Revenue: Total revenue was $807.4 million for the first quarter of fiscal year 2023, up 31% from $614.0 million for the first quarter of fiscal year 2022.
Operating Income (Loss) and Operating Margin: Operating loss was $34.0 million for the first quarter of fiscal year 2023, compared with operating income of $56.5 million for the first quarter of fiscal year 2022. Operating margin was (4)% for the first quarter of fiscal year 2023, compared with 9% for the first quarter of fiscal year 2022.
Net Loss and Net Loss Per Diluted Share: Net loss was $13.7 million for the first quarter of fiscal year 2023, compared with a net loss of $411.2 million for the first quarter of fiscal year 2022. Net loss per diluted share was $0.05 for the first quarter of fiscal year 2023, compared with a net loss per diluted share of $1.63, for the first quarter of fiscal year 2022. Mark-to-market accounting of the company’s strategic investments increased net loss per diluted share by $0.05 for the first quarter of fiscal year 2023 and $0.12 for the first quarter of fiscal year 2022.
Balance Sheet: Cash and cash equivalents plus short-term investments at the end of the first quarter of fiscal year 2023 totaled $1.5 billion.
Company Overview
Atlassian Corp was founded in 2002 to help software teams work better together. The company has more than 240,000 customers across virtually every industry sector in approximately 200 countries as of June 30, 2022.
The company's products serve teams of all shapes and sizes, in virtually every industry. The company's primary products include Jira Software and Jira Work Management for planning and project management, Confluence for content creation and sharing, Trello for capturing and adding structure to fluid, fastforming work for teams, Jira Service Management for team service, management and support applications, Jira Align for enterprise agile planning, and Bitbucket for code sharing and management. Together, its products form an integrated system for organizing, discussing and completing shared work, becoming deeply entrenched in how people collaborate and how organizations run.3
Products
The company offer a range of team collaboration products, including:
- Jira Software and Jira Work Management for team planning and project management;
- Confluence for team content creation and sharing;
- Trello for capturing and adding structure to fluid, fast-forming work for teams;
- Jira Service Management for team service and support applications;
- Opsgenie for incident management;
- Jira Align for enterprise agile planning;
- Bitbucket for team code sharing and management; and
- Atlassian Access for enterprise-grade security and centralized administration.
Company History
In 2002 two college friends, Mike Cannon-Brookes and Scott Farquhar set out to create Atlassian.4
| Year | Milestone |
| 1998 | Mike and Scott, both 18, land in the same scholarship course at the University of New South Wales. |
| 2001 | Atlassian, inspired by the Greek Titan, is registered as a business name. |
| 2002 | Atlassian becomes real with the launch of Jira 1.0. |
| 2003 | Confluence 1.0 is born and released to the world. |
| 2009 | Atlassian open first European office in Amsterdam. |
| 2011 | Atlassian ships first cloud versions of Confluence and Jira |
| 2012 | Atlassian hit $100 million dollars of revenue |
| 2013 | Atlassian opens offices in Yokohama and Manila. |
| 2015 | Atlassian goes public! and listed on NASDAQ as TEAM. |
| 2017 | Trello joins growing family of tools. |
| 2018 | Opsgenie joins product family. Atlassian opened Bengaluru office. |
| 2020 | Atlassian launched Jira Service Management, the next generation of Jira Service Desk. |
| 2021 | Launched Jira Work Management. |
| 2022 | Celebrating 20 years! |
References
- ^ https://investors.atlassian.com/news/news-details/2022/Atlassian-Announces-Completion-of-its-Redomiciliation-to-the-United-States/default.aspx
- ^ https://investors.atlassian.com/news/news-details/2022/Atlassian-Announces-First-Quarter-Fiscal-Year-2023-Results/default.aspx
- ^ https://fintel.io/doc/sec-atlassian-corp-plc-1650372-20f-2022-august-19-19223-4567
- ^ https://www.atlassian.com/company