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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
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
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.
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