Atlassian (TEAM) Tops Q4 EPS by 4c; Guides Q1 EPS Below Views

Atlassian (NASDAQ: TEAM) reported Q4 EPS of $0.25, $0.04 better than the analyst estimate of $0.21. Revenue for the quarter came in at $430.5 million versus the consensus estimate of $410.71 million.

“We drove strong results in fiscal year 2020, generating $1.6 billion in revenue, up 33% from the prior year,” said Scott Farquhar, Atlassian’s co-founder and co-CEO. “We now serve over 174,000 customers, including more than 150,000 using our cloud products, and made significant progress in transforming Atlassian into a cloud-first global software leader.”

“Today, we are thrilled to announce the acquisition of Mindville, strengthening our IT market position,” said Mike Cannon-Brookes, Atlassian’s co-founder and co-CEO. “Mindville and our recent acquisition of Halp bolster our growing ITSM portfolio and work management offerings for non-technical teams.”

GUIDANCE:

Atlassian sees Q1 2021 EPS of $0.26-$0.27, versus the consensus of $0.29. Atlassian sees Q1 2021 revenue of $430-445 million, versus the consensus of $438.88 million.

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

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