Atlassian beats Wall Street's expectations yet again with 38% revenue growth, but the stock slips down almost 9%
Atlassian beat Wall Street's expectations on Wednesday as it reported revenues of $309.3 million, up from 38% a year ago.Visit BusinessInsider.com for more stories.
Atlassian delivered yet another quarter of growth, seeing its revenue spike 38% from last year and surpassing Wall Street's expectations on both the top and bottom lines. "We achieved a strong third quarter and wrapped up another successful Atlassian Summit, our flagship user conference," Mike Cannon-Brookes, Atlassian's co-founder and co-CEO, said in a statement.
However, shares of Atlassian were down just over 9% in after-hours trading at the time of writing, after telling investors that its earnings per share for the next quarter will be short of Wall Street expectations, though revenue is tracking ahead of guidance.Earnings per share:$329 million to $331 million. Analysts had predicted $327.32 million.In the past quarter, Atlassian added over 5,000 new customers, bringing its total customer count to 144,038.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With Best Buy's Savior Stepping Aside, The New CEO Must Win Over Wall Street AgainCorie Barry for the second time at Best Buy is replacing an executive loved by Wall Street. But Best Buy is betting she is up to the challenge.
Read more »
Wall Street inches higher on tech boost, Johnson & Johnson earningsU.S. stocks edged higher on Tuesday, as an advance in technology shares and a ju...
Read more »
Bank of America earnings; Netflix pressure; Boeing in focusToday’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Read more »
Asia stocks hover below nine-month high after Wall Street stallsAsian stocks hovered below a nine-month high on Tuesday after disappointing bank...
Read more »
Why Wall Street is worried that Apple is getting left behind in the 5G arms raceMany industry analysts are predicting a tough time for Apple in the race to embrace 5G, but this won't necessarily harm the company long-term.
Read more »
Asia stocks cling to nine-month high on China hopes, Wall Street dented by earningsAsian stocks ticked up on Tuesday, staying near a nine-month high as hopes of st...
Read more »
Wall Street edges higher on generally upbeat earningsFinancial and tech firms gave Wall Street a modest lift on Tuesday following a s...
Read more »
Wall Street and finance execs spread their donations across the 2020 Democratic fieldWall Street and finance executives placed their early 2020 bets on a variety of Democratic presidential candidates, from Pete Buttigieg to Kamala Harris, even as the contenders try to distance themselves from big money donors.
Read more »
United tops Wall Street estimates on first-quarter profit, misses on revenueThe carrier, which has 14 of Boeing's 737 Max jets in its fleet, has grounded the aircraft through early July as Boeing rushes to fix a software problem suspected in two recent fatal crashes.
Read more »
Wall Street edges higher on generally positive earningsU.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to...
Read more »
Wall Street flat as healthcare decline counters chip boostWall Street's main indexes were trading flat on Wednesday, as a Qualcomm-le...
Read more »