Atlassian Corporation - Class A


Market Cap$52.8B

Compare Atlassian

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Atlassian Corporation - Class AAtlassian Corporation - Class A-84.10%-42%13.61.1
marketMarket Avg49.61.28%30%6.11.1
TechnologyTechnology Avg19.80.64%48%10.60.9

Earnings Call Q2 2024

February 1, 2024 - AI Summary

Atlassian reported significant milestones in Q2, including reaching $1 billion in quarterly revenue, surpassing 300,000 customers, and Jira Software crossing $1 billion in Cloud ARR.
The company's R&D efforts continue to drive innovation across its cloud platforms, with the launch of Compass, Virtual Agent capabilities in Jira Service Management, and the introduction of Atlassian Intelligence features.
Migration from server and data center to the cloud exceeded expectations, with data center migrations accounting for a majority of the migration activity. Migrations are expected to continue for several years, driven by the large data center installed base.
While cloud growth rates have decelerated, primarily due to lower paid seat expansion, the company remains confident in accelerating cloud revenue growth in the second half of the year. Factors contributing to this confidence include strong enterprise sales execution, increasing momentum on cloud migrations, price increases, and positive trends in customer conversions from free to paid.
Data center business continues to show strength, with solid growth driven by migrations from server, paid seat expansion, and customer retention. However, growth rates are expected to decelerate as server-to-data-center migrations decline and data center-to-cloud migrations accelerate.
Jira Service Management (JSM) is experiencing strong growth and has become one of the company's fastest-growing markets. The strategic positioning of JSM alongside other Atlassian products allows for cross-selling opportunities and deeper partnerships with customers.

Current Fair Value

2% upside

Undervalued by 2% based on the discounted cash flow analysis.

Share Statistics

Market cap$52.80 Billion
Enterprise Value$52.17 Billion
Dividend Yield$0.0 (0.0%)
Earnings per Share$-1.49
Outstanding Shares257,007,239
Avg 30 Day Volume2,176,950


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio-84.11
Price to Sales13.63
Price to Book Ratio68.15
Enterprise Value to Revenue13.4
Enterprise Value to EBIT-186.41
Enterprise Value to Net Income-136
Total Debt to Enterprise0.02
Debt to Equity1.09

Revenue Sources

No data

ESG Score

No data

About Atlassian Corporation Plc

4,907 employees

Atlassian is a global software company helping teams around the world unleash their potential. The Company builds tools that help teams collaborate, build, and create together. With more than 180,000 customers and team of more than 5,00...