Atlassian (TEAM) Tops Q3 EPS by 1c; Issues Solid Outlook

Atlassian (NASDAQ: TEAM) reported Q3 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $117.9 million versus the consensus estimate of $114.25 million.

GUIDANCE:

Atlassian sees Q4 2016 revenue of $123-125 million, versus the consensus of $119.94 million.

Atlassian sees FY2016 revenue of $452-454 million, versus the consensus of $445.65 million.

“We achieved another solid quarter of top-line and free cash flow growth,” said Scott Farquhar, Atlassian’s co-CEO and co-founder. “Our unique ability to solve the full set of collaboration needs for teams is driving momentum across our products. Customers increasingly rely on Atlassian products to boost the productivity of their technical and non-technical teams by improving how those teams communicate, create and share information, and track work.”

For earnings history and earnings-related data on Atlassian (TEAM) click here.

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