Atlassian Sees Q2 Revenue $1.233B-$1.241B Vs $1.232B Est, Operating Margin 10%; Sees FY25 Revenue Growth 16.5%-17.0%, Operating Margin 5.0%-5.5%
Portfolio Pulse from Benzinga Newsdesk
Atlassian has provided its Q2 revenue guidance, expecting between $1.233 billion and $1.241 billion, slightly above the $1.232 billion estimate. The company also projects FY25 revenue growth of 16.5%-17.0% and an operating margin of 5.0%-5.5%.
October 31, 2024 | 8:15 pm
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POSITIVE IMPACT
Atlassian's Q2 revenue guidance slightly exceeds estimates, indicating potential positive sentiment. FY25 projections show strong revenue growth but a lower operating margin.
The Q2 revenue guidance is slightly above market expectations, which could lead to a positive short-term impact on the stock price. The FY25 revenue growth projection is strong, but the lower operating margin might temper some enthusiasm. Overall, the news is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100