Atlassian (TEAM) Tops Q2 EPS by 4c, Revenues Beat; Provides FY19 EPS/Revenue Outlook Above Consensus

Atlassian (NASDAQ: TEAM) reported Q2 EPS of $0.25, $0.04 better than the analyst estimate of $0.21. Revenue for the quarter came in at $299 million versus the consensus estimate of $288.32 million.

“The second quarter of fiscal 2019 capped off a fantastic 2018, as we eclipsed $1 billion in calendar year revenue for the first time,” said Scott Farquhar, Atlassian’s co-CEO and co-founder. “The quarter also highlighted the growing demand for Atlassian products to drive digital transformation in businesses large and small. Our flagship product, Jira Software, surpassed 65,000 customers, and we ended the quarter with more than 138,000 total customers, underscoring the growth opportunity for Jira just within our installed base.”

GUIDANCE:

Atlassian sees FY2019 EPS of $0.81-$0.82, versus the consensus of $0.78. Atlassian sees FY2019 revenue of $1.195-1.199 billion, versus the consensus of $1.18 billion.

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

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