TEAM: Strong Results, Weak Guidance
Here's our initial take on Atlassian's (NASDAQ: TEAM) financial report.AAR = average annual return.Atlassian topped expectations in its fiscal second quarter ending March 31, reporting revenue up 14% and earnings per share up 9% year over year, thanks to strong 25% growth in cloud revenue. The company's shift from stand-alone products to a cloud-based suite appears to be going according to script.Continue reading
Here's our initial take on Atlassian's (NASDAQ: TEAM) financial report.
AAR = average annual return.
Atlassian topped expectations in its fiscal second quarter ending March 31, reporting revenue up 14% and earnings per share up 9% year over year, thanks to strong 25% growth in cloud revenue. The company's shift from stand-alone products to a cloud-based suite appears to be going according to script.
