Atlassian : Guides for Between $460 Million and $475 Million in 2Q Revenue
October 29, 2020 at 04:53 pm EDT
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By Allison Prang
Atlassian Corp.'s estimates for second-quarter revenue and adjusted earnings are less than Wall Street's.
The company said it expects to report between a loss of 1 cent a share and a profit of 1 cent a share. It expects adjusted earnings to be between 30 cents a share and 32 cents a share. According to FactSet, analysts are expecting adjusted earnings to be 34 cents a share.
Atlassian expects revenue to be between $460 million and $475 million, it said. Analysts are expecting $479.7 million.
The company expects its gross margin to be about 83%. It expects its adjusted gross margin to be about 86%. Atlassian expects about a 1% operating margin and an adjusted operating margin of about 24%, it said.
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.
ATLASSIAN CORPORATION 
