Atlassian Corporation plc Reports Earnings Results for the Second Quarter Ended December 31, 2019
January 23, 2020 at 04:03 pm
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Atlassian Corporation Plc announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced total revenue was USD 408.725 million compared to USD 298.979 million a year ago. Operating income was USD 41.841 million compared to operating loss of USD 3.169 million a year ago. Net income was USD 124.074 million compared to USD 45.185 million a year ago. Basic earnings per share was USD 0.51 compared to USD 0.19 a year ago. Diluted earnings per share was USD 0.49 compared to USD 0.18 a year ago. For the half year, total revenue was USD 772.115 million compared to USD 566.271 million a year ago. Operating income was USD 37.286 million compared to operating loss of USD 3.361 million a year ago. Net income was USD 193.394 million compared to net loss of USD 197.260 million a year ago. Basic earnings per share was USD 0.79 compared to basic loss per share of USD 0.83 a year ago. Diluted earnings per share was USD 0.77 compared to diluted loss per share of USD 0.83 a year ago.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.