On Thursday April 25, 2024, Atlassian Reported Q4 Revenue Guidance Of $1.12B-$1.135B Vs $1.11B Est.; Expected Cloud Revenue Growth YoY Is ~32%; Expected Data Center Revenue Growth YoY In The Range Of 40%-42%

Author: Benzinga Newsdesk | April 26, 2024 08:45am

Financial Targets:

Atlassian is providing its financial targets as follows:

Fourth Quarter Fiscal Year 2024:

• Total revenue is expected to be in the range of $1,120 million to $1,135 million.
• Cloud revenue growth year-over-year is expected to be approximately 32%.
• Data Center revenue growth year-over-year is expected to be in the range of 40% to 42%.
• Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a non-GAAP basis.
• Operating margin is expected to be approximately (7.0%) on a GAAP basis and approximately 18.5% on a non-GAAP basis.

For additional commentary regarding financial targets, please see Atlassian's third quarter fiscal year 2024 shareholder letter dated April 25, 2024.

With respect to Atlassian's expectations under "Financial Targets" above, a reconciliation of GAAP to non-GAAP gross margin and operating margin has been provided in the financial statement tables included in this press release.

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