The earnings call presented a strong start to fiscal year 2025 for Atlassian, with impressive cloud revenue growth and significant advancements in AI product offerings. The company highlighted the successful introduction of new products and solid enterprise momentum. However, there were concerns about macroeconomic uncertainties and execution risks in evolving the enterprise sales strategy. Overall, the highlights outweighed the lowlights, indicating positive sentiment.

Company Guidance

In the Atlassian earnings call for Q1 FY 2025, the company provided guidance with several notable metrics. Atlassian's cloud revenue grew by 31%, surpassing expectations of 27% growth, driven by better-than-expected paid seat expansion and migrations. The company also highlighted an increase in Atlassian Intelligence usage by more than 10x since the start of the year, contributing to increased ROI for customers. Additionally, Atlassian's enterprise customer base grew to over 524 customers with annual contracts exceeding $1 million. The call emphasized the strategic focus on AI integration across products, with the general availability of Rovo, an AI-powered product, and the introduction of Atlassian Focus as part of its enterprise strategy. Despite macroeconomic uncertainties, Atlassian maintained a cautious yet optimistic outlook, with an expectation of mid- to high single-digit contributions from data center migrations to cloud revenue growth over the next three years.

Strong Cloud Revenue Growth

Cloud revenue grew by 31%, surpassing expectations of 27% growth, driven by better-than-expected paid seat expansion and migrations.

AI Product Innovation and Adoption

Introduction of Rovo, an AI-powered product, and increased adoption of Atlassian Intelligence, with usage up more than 10x since the start of the year.

Enterprise Momentum

Solid results in annual and multiyear deals, migrations, and upsell to premium and enterprise editions. Notable migration agreement with a large investment management firm.

Introduction of New Products

Launch of new products, including Jira Product Discovery Premium, Compass Premium, and Guard Premium, as well as Atlassian Focus for enterprise strategy and planning.

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Atlassian (DE:48D) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:48D Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q4)	- / 0.13	0.088	44.44% (+0.04)	―	―
Oct 18, 2018	2019 (Q1)	- / 0.20	0.117	66.67% (+0.08)	―	―
Jan 17, 2019	2019 (Q2)	0.20 / 0.24	0.127	92.31% (+0.12)	―	―
Apr 17, 2019	2019 (Q3)	0.18 / 0.20	0.098	110.00% (+0.11)	―	―
Jul 25, 2019	2019 (Q4)	0.16 / 0.20	0.127	53.85% (+0.07)	―	―
Oct 17, 2019	2020 (Q1)	0.24 / 0.27	0.195	40.00% (+0.08)	―	―
Jan 23, 2020	2020 (Q2)	0.27 / 0.36	0.244	48.00% (+0.12)	―	―
Apr 30, 2020	2020 (Q3)	0.20 / 0.24	0.205	19.05% (+0.04)	―	―
Jul 30, 2020	2020 (Q4)	0.20 / 0.24	0.195	25.00% (+0.05)	―	―
Oct 29, 2020	2021 (Q1)	0.27 / 0.29	0.273	7.14% (+0.02)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:48D Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	€191.38	€199.28	+4.13%
Aug 01, 2024	€162.56	€132.40	-18.55%
Apr 25, 2024	€181.58	€170.00	-6.38%
Feb 01, 2024	€231.00	€195.50	-15.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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