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Jun 30, 2024
Atlassian Q4 2024 Earnings Report
Atlassian's Q4 2024 financial results were announced, demonstrating revenue growth and strategic advancements.
Key Takeaways
Atlassian reported Q4 2024 revenue of $1,132 million, a 20% increase year-over-year, with subscription revenue up 34% to $1,069 million. The company's GAAP operating margin was (6)%, while non-GAAP operating margin was 20%. They generated $426 million in cash flow from operations and $413 million in free cash flow.
Total revenue reached $1,132 million, up 20% year-over-year.
Subscription revenue increased by 34% year-over-year, totaling $1,069 million.
GAAP operating margin was (6)%, and non-GAAP operating margin was 20%.
Free cash flow was $413 million, with a free cash flow margin of 37%.
Atlassian
Atlassian
Atlassian Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comOther Revenue
CapyFin.comCloud Revenue
CapyFin.comData Center Revenue
CapyFin.comMarketplace and Other Revenue
CapyFin.com Forward Guidance
Atlassian anticipates total revenue between $1,149 million and $1,157 million for Q1 2025. They expect cloud revenue growth of approximately 27.0%, data center revenue growth of approximately 35.0%, and other revenue growth of approximately 13.0%.
Positive Outlook
- Total revenue is expected to be in the range of $1,149 million to $1,157 million.
- Cloud revenue growth year-over-year is expected to be approximately 27.0%.
- Data Center revenue growth year-over-year is expected to be approximately 35.0%.
- Other revenue growth year-over-year is expected to be approximately 13.0%.
- Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a non-GAAP basis.
Challenges Ahead
- Operating margin is expected to be approximately (7.0%) on a GAAP basis.
- Operating margin is expected to be approximately 19.0% on a non-GAAP basis.
- Total revenue growth year-over-year is expected to be approximately 16.0% for fiscal year 2025.
- Cloud revenue growth year-over-year is expected to be approximately 23.0% for fiscal year 2025.
- Data Center revenue growth year-over-year is expected to be approximately 20.0% for fiscal year 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income