Shares of Atlassian Corporation (NASDAQ: TEAM), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate. Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate.
The software company's June-quarter revenue growth was well above expectations—and so were margins. The company hired a new CFO.
Atlassian's (TEAM) fourth-quarter results reflect the benefits from new customer wins and the high-margin subscription revenue business.