In an article published in Forbes, Robert DeFrancesco offers a comprehensive analysis of Atlassian's financial health and growth, compares it with previous fiscal years, and sheds light on its investment prospects. We've highlighted key figures from the recent year, which ended in June 2023, below.
- Atlassian's total revenue increased by 26% in the latest fiscal year.
- Sales to enterprise accounts rose by more than 50%. Enterprise customers are key drivers for Atlassian's cloud migrations.
- Cloud-based ITSM sales to enterprise customers rose by 80%. The company enhanced its cloud platform to support up to 50,000 users, with further expansion planned.
- Jira Service Management now has over 45,000 customers.
- 882 enterprise customers spend over $500,000 annually with Atlassian, a 44% increase from the previous year.
- 353 accounts spend $1 million annually, marking a 52% increase.
- Atlassian's work management products are used by 150,000+ organizations globally - there's a steady demand for Jira Work Management from enterprise business teams.
- According to reporting of Atlassian's fiscal Q4 results, total revenue increased by 24% to $939.1 million.
- Cloud revenue reached $563.2 million, a 30% increase. This growth surpassed the projected 26% to 28% range. Cloud now makes up 60% of total revenue, a rise from 50% two years prior.
We recommend checking out the original article for a more in-depth summary.