Atlassian Corp (NASDAQ:TEAM) announced financial results for the fourth quarter and announced a partnership with Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) on Thursday.
Atlassian announced fourth-quarter revenue of $1.38 billion, up 22% year-over-year. The revenue beat a Street consensus estimate of $1.36 billion according to data from Benzinga Pro.
The company reported earnings per share of 98 cents, beating a Street consensus estimate of 86 cents per share.
“We closed out FY25 delivering over $5.2 billion of revenue, generating over $1.4 billion in free cash flow, and reaching 2.3 million AI monthly active users,” Atlassian CEO Mike Cannon-Brookes said. “AI is fundamentally changing the way we work, and creating significant tailwinds for Atlassian in the process.”
Atlassian is forecasting first-quarter revenue to be in a range of $1.395 billion to $1.403 billion. Analysts expect the company to report revenue of $1.413 billion, according to data from Benzinga Pro. Atlassian expects first-quarter cloud revenue to be up 22.5% year-over-year.
For the full fiscal year, Atlassian expects revenue of $6.154 billion, up 18% year-over-year. The company expects full-year cloud revenue growth to be 21% year-over-year.
Atlassian shares closed at $171.00 on Thursday.
These analysts made changes to their price targets on Atlassian following earnings announcement.
- Mizuho analyst Gregg Moskowitz maintained Atlassian with an Outperform rating and lowered the price target from $265 to $235.
- Barclays analyst Raimo Lenschow maintained the stock with an Overweight rating and lowered the price target from $244 to $215.
Considering buying TEAM stock? Here’s what analysts think:
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