Atlassian Corporation announces an Equity Buyback for $1,000 million worth of its shares.
February 02, 2023 at 04:25 pm EST
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Atlassian Corporation (NasdaqGS:TEAM) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 worth of its class A common stock. The share repurchase program does not have a fixed expiration date.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.