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Atlassian: Fiscal 1Q Earnings Snapshot

·1 min read

LONDON (AP) _ Atlassian Corporation PLC (TEAM) on Thursday reported a fiscal first-quarter loss of $21.6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the London-based company said it had a loss of 9 cents. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The company posted revenue of $459.5 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $439.4 million.

Atlassian shares have increased 75% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $210.72, a climb of 76% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEAM at https://www.zacks.com/ap/TEAM