How Atlassian plans to win market share in a recession

Mr Farquhar said this strategy was now tried and tested, with the business having also hired aggressively during the 2008 global financial crisis.

“In ’08 and ’09, we picked up a whole bunch of amazing staff during that period. The person leading our whole migration from on-premise to the cloud we hired during that time,” Mr Farquhar said.Mr Farquhar said the underlying fundamentals supporting the growth of the technology sector had not disappeared.

“I think the reason that happened was because technology and software companies are the future of the economy. Either you are a software company, or you’re being disrupted by a software company. Atlassian has set out its goal of building an “iconic 100-year company”. This, in part, would be enabled by the fact they constantly have new ambitions, Mr Farquhar said.

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