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Here's What Key Metrics Tell Us About Atlassian (TEAM) Q3 Earnings
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For the quarter ended March 2023, Atlassian (TEAM - Free Report) reported revenue of $915.45 million, up 23.6% over the same period last year. EPS came in at $0.54, compared to $0.47 in the year-ago quarter.
The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $898.71 million. With the consensus EPS estimate being $0.33, the EPS surprise was +63.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Atlassian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Customers: 259775 versus 259239.1 estimated by three analysts on average.
Revenues- Subscription: $760.68 million compared to the $743.73 million average estimate based on nine analysts. The reported number represents a change of +37% year over year.
Revenues- Other: $60.55 million versus $60.04 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
Revenues- Maintenance: $94.23 million versus $93.21 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.
Revenues- Marketplace and services: $64.62 million versus the four-analyst average estimate of $64.37 million.
Revenues- Server: $94.39 million compared to the $89.35 million average estimate based on four analysts.
Revenues- Cloud: $534.89 million compared to the $541.13 million average estimate based on four analysts.
Revenues- Data Center: $221.55 million versus the four-analyst average estimate of $204.24 million.
Shares of Atlassian have returned -7.6% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Atlassian (TEAM) Q3 Earnings
For the quarter ended March 2023, Atlassian (TEAM - Free Report) reported revenue of $915.45 million, up 23.6% over the same period last year. EPS came in at $0.54, compared to $0.47 in the year-ago quarter.
The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $898.71 million. With the consensus EPS estimate being $0.33, the EPS surprise was +63.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Atlassian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Customers: 259775 versus 259239.1 estimated by three analysts on average.
- Revenues- Subscription: $760.68 million compared to the $743.73 million average estimate based on nine analysts. The reported number represents a change of +37% year over year.
- Revenues- Other: $60.55 million versus $60.04 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -6.9% change.
- Revenues- Maintenance: $94.23 million versus $93.21 million estimated by nine analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.
- Revenues- Marketplace and services: $64.62 million versus the four-analyst average estimate of $64.37 million.
- Revenues- Server: $94.39 million compared to the $89.35 million average estimate based on four analysts.
- Revenues- Cloud: $534.89 million compared to the $541.13 million average estimate based on four analysts.
- Revenues- Data Center: $221.55 million versus the four-analyst average estimate of $204.24 million.
View all Key Company Metrics for Atlassian here>>>Shares of Atlassian have returned -7.6% over the past month versus the Zacks S&P 500 composite's -0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.