2 months ago
Key Takeaways
- The midpoint of Atlassian's outlook for current-quarter gross came up short of estimates, and it's guidance for full-year maturation is beneath past year's growth.
- The business package company's fiscal 2024 fourth-quarter adjusted net and gross were successful statement pinch forecasts.
- Atlassian announced that Chief Sale Officer Kevin Egan was leaving nan institution to prosecute different opportunities.
Shares of Atlassian (TEAM) sank arsenic nan business package supplier posted disappointing guidance and announced its apical income executive is leaving nan company.
Atlassian expects fiscal 2025 first-quarter gross of $1.149 cardinal to $1.157 billion. It sees fiscal 2025 gross maturation of 16%, beneath nan 23% summation successful fiscal 2024.
The institution reported fiscal 2024 fourth-quarter adjusted net per stock (EPS) of $0.66, pinch gross up 20.5% to $1.132 billion. Both were successful statement pinch forecasts.
Atlassian said that Chief Sales Officer Kevin Egan has decided to time off “and prosecute different opportunities.” The institution besides explained that it was looking to prosecute a Chief Revenue Officer.
Atlassian shares were down astir 18% successful caller trading and were astatine their lowest level successful much than a year.
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