Atlassian (TEAM) Misses Q1 EPS by 4c, Guidance Falls Short of Views

Atlassian (NASDAQ: TEAM) reported Q1 EPS of $0.36, $0.04 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $807 million versus the consensus estimate of $806.35 million.

GUIDANCE:

Atlassian sees Q2 2023 revenue of $835-855 million, versus the consensus of $879 million.

• Gross margin is expected to be in the range of 80% to 81% on a GAAP basis and in the range of 83% to 84% on a non-GAAP basis.
• Operating margin is expected to be approximately (20%) on a GAAP basis and approximately 13% on a non-GAAP basis

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

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