July 31, 2021

Driven by Jira, Atlassian exceeds investor expectations

All lights are green for Atlassian. The software publisher behind Trello or Jira announced on Thursday that it had taken a new step in its development at the end of the second quarter of its staggered fiscal year ended December 31, 2018.

The collaboration and productivity software company, which reported sales of more than $ 1 billion in 2018, reported net profit of $ 61.7 million at the end of the second quarter of its 2018-2019 fiscal year. A year earlier, his net income was already $ 32 million. Total revenue for the second quarter of 2019 was $ 299 million, up 39% from the same period last year.

The quarter “highlighted the growing demand for Atlassian products to drive digital transformation in businesses large and small,” CEO Scott Farquhar said in a statement. Note that the Jira software, which is Atlassian’s flagship product, has exceeded 65,000 customers, as noted by its president. “We ended the quarter with more than 138,000 customers in total, highlighting the growth opportunity for Jira within our installed base,” he said.

In detail, Atlassian added 6,551 new net customers during the quarter, including an increase of 1,396 customers from the acquisition of Opsgenie. As a reminder, On October 1, Atlassian completed the acquisition of Opsgenie, whose technology allows companies to better plan and respond better to disruptions in IT services. For the third quarter of 2019, Atlassian expects total revenue to be between $ 303 million and $ 305 million. For full year 2019, total revenue is expected to be between $ 1.195 million and $ 1.199 million.

Article “Atlassian surpassed $ 1B in calendar-year revenue in 2018” translated and adapted by ZDnet.fr