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TEAM Nasdaq· Atlassian Corporation
Earnings report Q4 2023

Strong Revenue Growth Across Multiple Segments

Segments of Revenue

Revenue for the quarter was $1.06 billion, a 21% increase from the previous year. The Cloud segment was the largest contributor with $653.2 million, up 27% year-on-year. The Data Center segment also saw significant growth, with revenues of $274.8 million, a 41% increase from the previous year. Server revenues declined by 35% to $69.2 million. Marketplace and other revenues increased by 6% to $62.97 million.

Strengths

The company's strength lies in its Cloud and Data Center segments, which saw substantial growth. The increase in other revenues was primarily due to a $4.2 million increase in revenue from sales of third-party apps through the Atlassian Marketplace.

Challenges

The Server segment saw a significant decline in revenue, which could be a potential area of concern. The company also highlighted several factors outside of its control that could impact its revenue and financial performance, including global economic conditions, diseases and pandemics, and the impact of new accounting pronouncements.

Noteworthy

The company saw strong revenue growth across all geographical regions. The Americas contributed $514.4 million, up 20% year-on-year. The EMEA region contributed $425.3 million, up 24% year-on-year, and the Asia Pacific region contributed $120.4 million, up 21% year-on-year.

Summary

The company had a strong quarter with robust revenue growth across multiple segments and geographical regions. The Cloud and Data Center segments were the main drivers of growth. However, the decline in Server revenues and potential external factors could pose challenges moving forward.

Source documents

Form 10-Q  filed on Feb 02, 2024
161 pages scanned

Reference data

Company financials Q4 revenue 0
Analyst estimates Q4 EPS missed by 0.00%
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