Atlassian (TEAM) Reports Q3 Loss of $0.08

Atlassian (NASDAQ: TEAM) reported Q3 EPS of ($0.08), versus ($0.01) reported last year. Revenue for the quarter came in at $159.9 million, versus $117.9 million reported last year.

On an IFRS basis, Atlassian reported:

• Revenue: Total revenue was $159.9 million for the third quarter of fiscal 2017, up 36% from $117.9 million for the third quarter of fiscal 2016.
• Operating Loss and Operating Margin: Operating loss was $23.1 million for the third quarter of fiscal 2017, compared with $4.9 million for the third quarter of fiscal 2016. Operating margin was (14%) for the third quarter of fiscal 2017, compared with (4%) for the third quarter of fiscal 2016.
• Net Loss and Net Loss Per Diluted Share: Net loss was $17.5 million for the third quarter of fiscal 2017, compared with $1.1 million for the third quarter of fiscal 2016. Net loss per diluted share was $0.08 for the third quarter of fiscal 2017, compared with $0.01 for the third quarter of fiscal 2016.
• Balance Sheet: Cash and cash equivalents and short-term investments at the end of the third quarter of fiscal 2017 totaled $503.6 million.

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

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