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.
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