DIRS.INFO The most relevant business & tech news

☆ Buy this work collaboration software maker with more than 30% upside, Barclays says
▼ + stars: | 2024-04-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Ryan MacWilliams upgraded the Australian-American software company, which develops and maintains software and provisions software hosting services, to overweight from equal weight. He raised his price target by $40 to $275, which implies 34.3% upside from Wednesday's close. In early February, the company beat second-quarter earnings and revenue estimates and gave positive fiscal 2024 guidance concerning its cloud and data center revenue growth. He indicated expectations for roughly 80% to 90% of the company's data center customers to migrate to cloud within the next three years. The analyst's upside case assumes roughly 28% revenue growth in 2024, which he thinks could happen if Atlassian continues to invest in its in-house revenue generators or pursues external portfolio additions.

Persons: Ryan MacWilliams, MacWilliams, Atlassian Organizations: Barclays, TEAM Locations: Atlassian, American, 2H24

☆ Stocks making the biggest moves midday: CarMax, Nike, Paramount, Fastenal and more
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

CarMax — The used vehicle seller tumbled 13% after reporting fourth-quarter earnings of 32 cents per share on revenue of $5.63 billion. Analysts had expected earnings per share of 49 cents on revenue of $5.80 billion, according to LSEG, formerly known as Refinitiv. Nike — The athletic apparel maker added 3.2% after Bank of America upgraded Nike to buy from neutral. The deal values Alpine shares at $65, roughly 67% above its close on Tuesday, the day before reports that Alpine was considering its options. Atlassian — Shares rose 3.2% after Barclays upgraded the software maker to overweight from equal weight and raised its price target.

Persons: CNBC's David Faber, David Ellison, Faber, Lisa Kailai Han, Sarah Min, Yun Li, Samantha Subin, Michelle Fox, Alex Harring Organizations: Nike, Bank of America, Paramount, Skydance Media, Sciences, Vertex Pharmaceuticals, U.S . Space Force Space Systems Command, Constellation, Constellation Brands, LSEG, Barclays

☆ The No. 1 challenge Fortune 500 execs say they're facing with employees right now, according to new research
▼ + stars: | 2024-01-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Executives are more concerned about employee productivity than about getting them back to the office, according to new research from Atlassian. In September, the Australian software company asked 100 Fortune 500 and 100 Fortune 1000 executives what their biggest organizational challenge is, and nearly half (43%) said low productivity. Only a third of executives with an in-office mandate said they thought their in-office policies have had any impact on productivity. Instead, 76% of the Fortune 500 executives surveyed said they are more worried about how their teams are working than where they work. It's not the first time executives have said they're worried that workers are getting less done — and evidence suggests their fears aren't unfounded.

Persons: It's, Atlassian's, Scott Farquhar Organizations: Fortune, Bureau of Labor Statistics, CNBC Locations: Australian

☆ Atlassian sinks despite better-than-expected results and in-line forecast
▼ + stars: | 2023-11-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Atlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street's expectations. Atlassian's net loss widened to $31.9 million, or 12 cents per share, from $13.7 million, or 5 cents per share, a year earlier. The company said it had more than 265,000 customers at the end of the quarter, up from more than 260,000 in June. For the fiscal second quarter, Atlassian called for revenue between $1.01 billion and $1.03 billion. The guidance doesn't factor in impact from Loom, which should become part of Atlassian in the fiscal third quarter.

Persons: Atlassian, StreetAccount, Cameron Deatsch, Deatsch, Aneel Organizations: LSEG, and Data Locations: Atlassian

☆ I was laid off twice and ghosted more times than I can count. After heading down a dark spiral, here's how I bounced back.
▼ + stars: | 2023-09-19 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Alex Cheney was laid off from recruiting roles at Sendoso and Atlassian within one year. My first layoff happened in June 2022 when Sendoso went through its first job cuts of the pandemic. I signed an offer with Atlassian two weeks after my Sendoso layoff and started one month later. I had just started working on process improvement — another one of my biggest passions — when I was laid off. AdvertisementAdvertisementThe few calls that I did schedule led to black holes where I was ghosted — I've been ghosted more times than I can count.

Persons: Alex Cheney, Alex, It's, Sendoso, I've, I'd, it's, hadn't Organizations: Service, Companies, LinkedIn Locations: Wall, Silicon, La Quinta , California, Robinhood, North America, New York City

☆ Atlassian shares skyrocket as CEOs see wider margins returning
▼ + stars: | 2023-08-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Atlassian shares jumped as much as 24% in extended trading on Thursday after the collaboration software maker announced stronger-than-expected fiscal fourth-quarter results and promised wider margins in the future. Here's how the company did:Earnings: 57 cents per share, adjusted, vs. 45 cents per share as expected by analysts, according to Refinitiv. 57 cents per share, adjusted, vs. 45 cents per share as expected by analysts, according to Refinitiv. Revenue: $939.1 million, vs. $914.6 million as expected by analysts, according to Refinitiv. The company's net loss of $59 million or 23 cents per share, narrowed from $90.6 million, or 36 cents per share, in the year-ago quarter.

Persons: Scott Farquhar, Atlassian, Refinitiv, Mike Cannon, Brookes, Cameron Deatsch, Farquhar, Salesforce, NFJ's Organizations: Atlassian Corp, Allen, Co . Media, Technology Conference, StreetAccount, Management, Cloud, Cannon, Microsoft Locations: Sun Valley , Idaho, Refinitiv

☆ Atlassian taps OpenAI to make its collaboration software smarter
▼ + stars: | 2023-04-19 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Atlassian on Wednesday said it will draw on technology from startup OpenAI to add artificial intelligence features to a slew of the collaboration software company's programs. Atlassian has been building its own AI models for several years, but just started using OpenAI at the beginning of 2023. But Farquhar dismissed this concern, explaining that OpenAI won't be training its models on Atlassian's customer data, so Atlassian won't be necessarily making OpenAI better by giving it business. Atlassian employees have been able to use the new Atlassian Intelligence features internally, and they have become popular, especially for those leading teams, Anu Bharadwaj, president of Atlassian, said. Bharadwaj said Atlassian hasn't figured out how much to charge for Atlassian Intelligence.

☆ How Larry Page's flying-car company of the future turned into a stunning failure
▼ + stars: | 2023-04-18 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Although I'm currently pretty homesick and jet lagged, I'm blessed with "the life-changing magic of working from home." One worker told my colleague Rebecca Knight how remote work transformed her life and how returning to the office has killed company morale. The stunning failure of Google founder Larry Page's flying-car company. In April 2022, company morale plummeted when it axed one of its most promising projects, those former insiders say. The company put together a thorough document to help managers navigate pay-related conversations with employees, and Insider got a look.

☆ Atlassian cuts 5% of head count as the software maker focuses on high-priority areas
▼ + stars: | 2023-03-06 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Business-software maker Atlassian said Monday that it will lay off 500 employees, or around 5% of its workforce. Cuts are not evenly distributed across the company, they wrote in a blog post. Australia's unemployment rate in January was 3.7%, according to government statistics. Australia's unemployment rate in January was 3.7% on a seasonally adjusted basis, according to government statistics. The cost cuts will result in $70 million to $75 million in charges, according to a filing.

☆ An executive assistant at $53 billion Atlassian calls out people who underestimate her job: 'Almost no one sees the skill that's involved'
▼ + stars: | 2022-11-14 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

Kristine Valenzuela is the executive assistant of Atlassian's head of engineering, Mike Tria. She said on a recent podcast that she constantly has to prove her leadership skills as an assistant. Making an executive's life easier or "just getting stuff done," Valenzuela said — "almost no one sees the skill that's involved in doing that every day." "Internally, not enough people are elevating our value within the leadership team," she said. She makes her expertise known to othersSharing your broad range of knowledge across the business is another way to show your value as an executive assistant.

☆ Atlassian plummets more than 20% on weak earnings report and disappointing forecast
▼ + stars: | 2022-11-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Scott Farquhar, co-founder and co-CEO of the software company Atlassian, speaks during a jobs and skills summit at Parliament House on September 1, 2022 in Canberra, Australia. Here's how the company did:Earnings: 36 cents per share, adjusted, vs. 38 cents per share as expected, according to Refinitiv. 36 cents per share, adjusted, vs. 38 cents per share as expected, according to Refinitiv. Revenue: $807.4 million, vs. $806.4 million as expected, according to Refinitiv. For the fiscal second quarter, Atlassian sees $835 million to $855 million in revenue, below the Refinitiv consensus of $879.2 million.

☆ Oracle is steering clear of talent from major tech hubs in the cloud giant's latest more to save money and curb labor costs
▼ + stars: | 2022-10-25 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

It's part of the cloud giant's plan to curb labor costs that insiders say is starting to hurt morale. Oracle is steering clear of job-seekers in major tech hubs. These guidelines come amid other hiring restrictions implemented at the cloud giant, which employees say are further tanking already low morale. In some cases, hiring managers are being asked to backfill formerly US-based roles with candidates from Eastern Europe to save money. Oracle is trying to cut $1 billion in costs and has already had two rounds of layoffs in recent months.

☆ Atlassian's work-from-anywhere policy helped my spouse and I ditch long-distance and finally be together. Here's why I think more companies need to do the same
▼ + stars: | 2022-10-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

She spoke with Insider about relocating under Atlassian's remote work policy, called Team Anywhere, that was implemented in 2020. She shared her experience and why she feels the company's approach to remote work has been working. AtlassianAtlassian's remote work policy works because of its online culture and management's transparency about the processAtlassian has a Slack culture that is just so vibrant, which is probably unique from a lot of other companies. Sometimes, we start fun conversations like "use one gif to describe your weekend," that really help in a remote environment. Atlassian's remote work policy allows for extended travel while workingAnother benefit we've gotten is freedom to travel and work remotely.

☆ $6.1 billion cloud startup Benchling hired executives from top software companies like Atlassian, Workday, and ServiceNow as it looks to its next phase of growth
▼ + stars: | 2022-08-25 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Benchling, which makes cloud R&D software for life sciences companies, boomed during the pandemic. Benchling has grown in size and valuationBenchling makes cloud software to help life sciences companies make their research and development more efficient. He sees a huge opportunity to bring life sciences companies into the cloud, especially given that there aren't many other software companies serving that specific market. The company's new CTO and product chief will be key to making that happen. Shawna Wolverton, chief product officer at Benchling BenchlingWolverton, meanwhile has experience in helping build out Salesforce's platform, which in turn fostered an ecosystem around the cloud giant's products.

☆ Read the pitch deck customer management startup Catalyst used to turn some of its top customers into investors in a $20 million round
▼ + stars: | 2022-08-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

Customer management startup Catalyst raised a $20 million round, partially from its own customers. Here's the pitch deck Catalyst used for this $20 million strategic funding round. Customer management startup Catalyst wasn't looking to raise funding. The result was a $20 million non-traditional round with participation from 20 execs or leaders from companies in their customer base. Here is the pitch deck Chiu used to convince customers and key investors to invest.

Search resuls for: "Atlassian's"

15 mentions found