Atlassian Expects Q1 Total Revenue Of $1.149B - $1.157B, Est $1.16B
Portfolio Pulse from Benzinga Newsdesk
Atlassian projects Q1 FY2025 total revenue between $1.149B and $1.157B, slightly below the estimated $1.16B. The company expects significant year-over-year growth in cloud (27%), data center (35%), and other revenues (13%). Gross margin is anticipated to be around 81% GAAP and 83.5% non-GAAP, with operating margins at -7% GAAP and 19% non-GAAP.
August 01, 2024 | 8:54 pm
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Atlassian's Q1 FY2025 revenue forecast is slightly below estimates, but the company expects strong growth in cloud and data center revenues. Gross and operating margins are also projected to be robust.
The revenue forecast is slightly below estimates, which could be a minor negative. However, strong growth in cloud and data center revenues, along with healthy gross and operating margins, provides a balanced outlook.
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