Atlassian Expects FY25 Total Revenue Y/Y Growth To Be Approximately 16.0%,
Portfolio Pulse from Benzinga Newsdesk
Atlassian projects a 16% year-over-year growth in total revenue for FY25, with cloud revenue expected to grow by 23%, data center revenue by 20%, and other revenue by 5%. The company anticipates a gross margin of 81% on a GAAP basis and 83.5% on a non-GAAP basis, with an operating margin of -6% on a GAAP basis and 21.5% on a non-GAAP basis.
August 01, 2024 | 8:55 pm
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Atlassian (TEAM) forecasts a 16% Y/Y revenue growth for FY25, driven by strong cloud and data center revenue increases. Gross margins are expected to be robust, though GAAP operating margins will be negative.
The projected revenue growth, particularly in cloud and data center segments, is a positive indicator for Atlassian's future performance. High gross margins further support a positive outlook, although the negative GAAP operating margin may be a concern for some investors.
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