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Atlassian’s Q3 revenue soars 38pc, pushing shares higher

Yolanda Redrup
Yolanda RedrupRich List Editor

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Atlassian is expecting a strong finish to the 2021 financial year, after a bumper third quarter was propelled by a rush of customers purchasing its on-premise products ahead of price changes, as well as steady growth from its cloud business.

Revenue for the three months ended March 31 soared 38 per cent to $US569 million ($731 million) from the year-earlier period as its operating income swung to a $US69.5 million profit from a $US19.9 million loss.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/technology/bumper-q3-and-new-products-for-atlassian-20210430-p57nqo