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Here's What Key Metrics Tell Us About Atlassian (TEAM) Q4 Earnings
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For the quarter ended June 2023, Atlassian (TEAM - Free Report) reported revenue of $939.1 million, up 23.6% over the same period last year. EPS came in at $0.57, compared to $0.27 in the year-ago quarter.
The reported revenue represents a surprise of +3.06% over the Zacks Consensus Estimate of $911.23 million. With the consensus EPS estimate being $0.43, the EPS surprise was +32.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Atlassian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Customers: 250000 versus the three-analyst average estimate of 265596.7.
Revenues- Subscription: $799.71 million versus the nine-analyst average estimate of $768.06 million. The reported number represents a year-over-year change of +33.9%.
Revenues- Other: $53.46 million versus $59.81 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.6% change.
Revenues- Maintenance: $85.93 million versus $83.44 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -26.6% change.
Revenues- Marketplace and services: $57.51 million versus $63.72 million estimated by five analysts on average.
Revenues- Server: $86.15 million versus $80.79 million estimated by five analysts on average.
Revenues- Cloud: $563.23 million versus $550.87 million estimated by five analysts on average.
Revenues- Data Center: $232.21 million versus $216.43 million estimated by five analysts on average.
Shares of Atlassian have returned -1.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Atlassian (TEAM) Q4 Earnings
For the quarter ended June 2023, Atlassian (TEAM - Free Report) reported revenue of $939.1 million, up 23.6% over the same period last year. EPS came in at $0.57, compared to $0.27 in the year-ago quarter.
The reported revenue represents a surprise of +3.06% over the Zacks Consensus Estimate of $911.23 million. With the consensus EPS estimate being $0.43, the EPS surprise was +32.56%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Atlassian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Customers: 250000 versus the three-analyst average estimate of 265596.7.
- Revenues- Subscription: $799.71 million versus the nine-analyst average estimate of $768.06 million. The reported number represents a year-over-year change of +33.9%.
- Revenues- Other: $53.46 million versus $59.81 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a +17.6% change.
- Revenues- Maintenance: $85.93 million versus $83.44 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -26.6% change.
- Revenues- Marketplace and services: $57.51 million versus $63.72 million estimated by five analysts on average.
- Revenues- Server: $86.15 million versus $80.79 million estimated by five analysts on average.
- Revenues- Cloud: $563.23 million versus $550.87 million estimated by five analysts on average.
- Revenues- Data Center: $232.21 million versus $216.43 million estimated by five analysts on average.
View all Key Company Metrics for Atlassian here>>>Shares of Atlassian have returned -1.8% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.