Atlassian Q3 Adjusted EPS Beats by 34%, Revenue Jumps to $1.79B
TEAM•Atlassian reported a fiscal Q3 GAAP net loss of $98.4 million, or $0.38 per share, while adjusted earnings of $1.75 per share surpassed analyst forecasts of $1.31. Revenue climbed to $1.79 billion, topping estimates of $1.69 billion and reflecting robust demand growth.
1. Fiscal Q3 Performance
Atlassian’s fiscal third quarter ended with a $98.4 million GAAP net loss, equating to a $0.38 per share loss. On an adjusted basis, earnings reached $1.75 per share, marking a substantial improvement over the prior year’s $0.97 adjusted EPS.
2. Beats Expectations
Revenue for the quarter totaled $1.79 billion, exceeding forecasts of $1.69 billion by $100 million. The adjusted EPS of $1.75 also outpaced the consensus estimate of $1.31, reflecting strong subscription growth and operational leverage.
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