There were 66 press releases posted in the last 24 hours and 204,018 in the last 365 days.

Atlassian Announces Fourth Quarter and Fiscal Year 2016 Results

/EIN News/ -- Quarterly revenue of $127.6 million, up 39% year-over-year

Quarterly IFRS operating loss of $11.4 million and non-IFRS operating income of $15.6 million

Quarterly free cash flow of $17.6 million

SAN FRANCISCO, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Atlassian Corporation Plc (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, today announced financial results for its fourth quarter and fiscal year ended June 30, 2016.

“Fiscal 2016 was a landmark year for Atlassian," said Scott Farquhar, Atlassian’s co-CEO and co-founder. "Over the past year, we grew revenue to more than $450 million, added over 12,300 net-new customers, generated over $95 million of free cash flow and completed a successful IPO. We are still early in our growth trajectory and expect fiscal 2017 to be another great year for the company. We are also excited about the addition of StatusPage, our first acquisition as a public company. StatusPage is a standout company in its category and is a natural extension of the software development and IT operations processes where Atlassian is a leader.”

Fourth Quarter Fiscal Year 2016 Financial Highlights:

On an IFRS basis, Atlassian reported:

  • Revenue: Total revenue was $127.6 million for the fourth quarter of fiscal 2016, up 39% from $91.8 million for the fourth quarter of fiscal 2015.
  • Operating Loss: Operating loss was $11.4 million for the fourth quarter of fiscal 2016, compared with $3.3 million for the fourth quarter of fiscal 2015.
  • Net Loss and Net Loss Per Diluted Share: Net loss was $4.7 million for the fourth quarter of fiscal 2016, compared with $1.2 million for the fourth quarter of fiscal 2015. Net loss per diluted share was $0.02 for the fourth quarter of fiscal 2016, compared with net loss of $0.01 per diluted share for the fourth quarter of fiscal year 2015.
  • Balance Sheet: Cash and cash equivalents and short-term investments at the end of the fourth quarter of fiscal 2016 totaled $743.1 million.

On a non-IFRS basis, Atlassian reported:

  • Operating Income: Operating income was $15.6 million for the fourth quarter of fiscal 2016, compared with $11.3 million for the fourth quarter of fiscal 2015.
  • Net Income and Net Income Per Diluted Share: Net income was $16.9 million for the fourth quarter of fiscal 2016, compared with $10.7 million for the fourth quarter of fiscal 2015. Net income per diluted share was $0.07 for the fourth quarter of fiscal 2016, compared with $0.07 per diluted share for the fourth quarter of fiscal 2015.
  • Free Cash Flow: Cash flow from operations for the fourth quarter of fiscal 2016 was $35.0 million while capital expenditures totaled $17.4 million, leading to free cash flow of $17.6 million, an increase of 150% year-over-year.

Fiscal Year 2016 Financial Highlights:

On an IFRS basis, Atlassian reported:

  • Revenue: Total revenue was $457.1 million for fiscal year 2016, up 43% from $319.5 million for fiscal year 2015.
  • Operating Income/Loss: Operating loss was $5.9 million for fiscal year 2016, compared with operating income of $1.7 million for fiscal year 2015.
  • Net Income and Net Income Per Diluted Share: Net income was $4.4 million for fiscal year 2016, compared with $6.8 million for fiscal year 2015. Net income per diluted share was $0.02 for fiscal year 2016, compared with $0.04 per diluted share for fiscal year 2015.

On a non-IFRS basis, Atlassian reported:

  • Operating Income: Operating income was $77.1 million for fiscal year 2016, compared with $49.7 million for fiscal year 2015.
  • Net Income and Net Income Per Diluted Share: Net income was $71.3 million for fiscal year 2016, compared with $45.5 million for fiscal year 2015. Net income per diluted share was $0.35 for fiscal year 2016, compared with $0.28 per diluted share for fiscal year 2015.
  • Free Cash Flow: Cash flow from operations for fiscal year 2016 was $129.5 million while capital expenditures totaled $34.2 million, leading to free cash flow of $95.3 million, an increase of 45% year-over-year.

A reconciliation of IFRS to non-IFRS financial measures has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below, under the heading “About Non-IFRS Financial Measures.”

Recent Business Highlights:

  • Customer growth: Atlassian ended the fourth quarter of fiscal 2016 with a total customer count on an active subscription or maintenance agreement basis of 60,950, a 25% increase over June 30, 2015. Atlassian added 3,519 net new customers during the quarter.
  • StatusPage acquisition: In July, Atlassian announced the acquisition of StatusPage, a fast-growing leader in the status and incident communication space. StatusPage lets customers communicate the status of their services including incidents, performance data, and scheduled maintenance. End users can subscribe to real-time SMS and email updates, keeping them informed while lowering support costs for providers. StatusPage will continue to provide its standalone service offering in the near-term. Atlassian plans to accelerate StatusPage’s offering with future integrations across Atlassian’s collaboration portfolio.
  • New cloud products and Atlassian Marketplace growth: In May, Atlassian announced several initiatives that will continue to drive growth in the cloud. These included the beta launch of Bitbucket Pipelines, a continuous delivery service that allows software developers to build, test and deploy code from a single tool without switching, as well as the launch of native mobile apps for JIRA Software and Confluence. The Company also announced that the Atlassian Marketplace, which provides add-ons for its core products, reached more than $150 million of cumulative sales since its inception four years ago.

Financial Targets:

Atlassian is providing its financial targets for the first quarter and full fiscal year 2017. The company’s financial targets are as follows: 

  • First Quarter Fiscal Year 2017:
    • Total revenue is expected to be in the range of $132 million to $134 million.
    • Gross margin is expected to be approximately 81% on an IFRS basis and approximately 84% on a non-IFRS basis.
    • Operating margin is expected to be (10%) on an IFRS basis and 14% on a non-IFRS basis.
    • Weighted average share count is expected to be in the range of 232 million to 234 million shares on a fully diluted basis.
    • Net loss per diluted share is expected to be approximately ($0.04) on an IFRS basis, and net income per diluted share is expected to be approximately $0.07 on a non-IFRS basis.
  • Fiscal Year 2017: 
    • Total revenue is expected to be in the range of $592 million to $602 million.
    • Gross margin is expected to be approximately 81% on an IFRS basis and approximately 84% on a non-IFRS basis.
    • Operating margin is expected to be approximately (10%) on an IFRS basis and approximately 15% on a non-IFRS basis.
    • Weighted average share count is expected to be in the range of 234 million to 236 million shares on a fully diluted basis.
    • Net loss per diluted share is expected to be in the range of approximately ($0.18) to ($0.16) on an IFRS basis, and net income per diluted share is expected to be in the range of approximately $0.32 to $0.34 on a non-IFRS basis.
    • Free cash flow is expected to be in the range of $145 million to $155 million. 

With respect to Atlassian’s expectations under “Financial Targets” above, a reconciliation of IFRS to non-IFRS gross margin, operating margin, net income per diluted share, and free cash flow have been provided in the financial statement tables included in this press release.

Webcast and Conference Call Details:

  • When: August 4, 2016 at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time).
  • Webcast:  A live webcast of the call can be accessed from the Investor Relations section of Atlassian’s website at: http://investors.atlassian.com. Following the call, a replay will be available on the same website.
  • Dial in: To access the call via telephone in North America, please dial 1-888-346-0688. For international callers, please dial 1-412-902-4250. Participants should request the “Atlassian call” after dialing in.
  • Audio replay: An audio replay of the call will be available via telephone for seven days, beginning two hours after the call. To listen to the replay in North America, please dial 1-877-344-7529 (access code 10087956). International callers, please dial 1-412-317-0088 (access code 10087956).

Atlassian has used, and intends to continue to use, its Investor Relations website (https://investors.atlassian.com), as a means of disclosing material non-public information and for complying with its disclosure obligations.

About Atlassian

Atlassian unleashes the potential in every team. Our collaboration software helps teams organize, discuss and complete shared work. Teams at more than 60,000 large and small organizations - including Citigroup, eBay, Coca-Cola, Visa, BMW and NASA - use Atlassian's project tracking, content creation and sharing, real-time communication and service management products to work better together and deliver quality results on time. Learn about products including JIRA Software, Confluence, HipChat, Bitbucket and JIRA Service Desk at http://atlassian.com.

Forward-Looking Statements

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as “may,” “will,” “should,” “might,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about our products, including our investments in products, technology and other key strategic areas, benefits related to our recent acquisition, and our financial targets such as revenue, share count and IFRS and non-IFRS financial measures including gross margin, operating margin, net income per diluted share and free cash flow.

Atlassian undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, Atlassian’s results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made.

Further information on these and other factors that could affect Atlassian’s financial results is included in filings it makes with the Securities and Exchange Commission from time to time, including the section titled “Risk Factors” in the company’s Form F-1 previously filed with the SEC and Form 6-K report filed on May 12, 2016. These documents are available on the SEC Filings section of the Investor Relations section of Atlassian’s website at: http://investors.atlassian.com.

About Non-IFRS Financial Measures

Our reported results and financial targets include certain non-IFRS financial measures, including non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share, and free cash flow. Management believes that the use of non-IFRS financial measures provides consistency and comparability with our past financial performance, facilitates period-to-period comparisons of results of operations, and also facilitates comparisons with peer companies, many of which use similar non-IFRS or non-GAAP financial measures to supplement their IFRS or GAAP results. Non-IFRS results are presented for supplemental informational purposes only to aid in understanding our operating results. The non-IFRS results should not be considered a substitute for financial information presented in accordance with IFRS, and may be different from non-IFRS or non-GAAP measures used by other companies.

Our non-IFRS financial measures reflect adjustments based on the items below:

  • Non-IFRS gross profit. Excludes expenses related to share-based compensation and amortization of acquired intangible assets.

  • Non-IFRS operating income. Excludes expenses related to share-based compensation and amortization of acquired intangible assets.

  • Non-IFRS net income and non-IFRS net income per diluted share. Excludes expenses related to share-based compensation, amortization of acquired intangible assets and related income tax effects on these items.

  • Free cash flow. Free cash flow is defined as net cash provided by operating activities less capital expenditures, which consist of purchases of property and equipment and acquired intangible assets.

We exclude expenses related to share-based compensation, amortization of acquired intangible assets and income tax effect on these items from certain of our non-IFRS financial measures as we believe this helps investors understand our operational performance. In addition, share-based compensation expense can be difficult to predict and varies from period to period and company to company due to differing valuation methodologies, subjective assumptions and the variety of equity instruments, as well as changes in stock price. Management believes that providing non-IFRS financial measures that exclude share-based compensation expense, amortization of acquired intangible assets and the tax effects of those items allow for more meaningful comparisons between our operating results from period to period.

We include the effect of our outstanding share options and restricted share units (“RSUs”) in weighted-average shares used in computing non-IFRS net income per diluted share. IFRS excludes the impact of the full weighting of these outstanding equity awards until the effectiveness of our initial public offering (“IPO”). We have presented the full weighting impact of these additional shares from previously granted share options and RSUs, as if they were outstanding from the date of grant, in order to provide investors with insight into the full impact of all potentially dilutive awards outstanding and to provide comparability.

Management considers free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic acquisitions and strengthening our statement of financial position.

Management uses non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share and free cash flow:

  • as measures of operating performance, because these financial measures do not include the impact of items not directly resulting from our core operations;
  • for planning purposes, including the preparation of our annual operating budget;
  • to allocate resources to enhance the financial performance of our business;
  • to evaluate the effectiveness of our business strategies; and
  • in communications with our board of directors concerning our financial performance.

The tables in this press release titled “Reconciliation of IFRS to Non-IFRS Results” and “Reconciliation of IFRS to Non-IFRS Financial Targets” provide reconciliations of non-IFRS financial measures to the most recent directly comparable financial measures calculated and presented in accordance with IFRS.

We understand that although non-IFRS gross profit, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share and free cash flow are frequently used by investors and securities analysts in their evaluation of companies, these measures have limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results of operations as reported under IFRS.

Atlassian Corporation Plc
Consolidated Statements of Operations
(U.S. $ and shares in thousands, except per share data)
(unaudited)

  Three Months Ended June 30,   Fiscal Year Ended June 30,
  2016   2015   2016   2015
Revenues              
Subscription $ 43,590     $ 26,023     $ 146,659     $ 85,891  
Maintenance 58,808     45,894     218,848     160,373  
Perpetual license 17,911     15,312     65,487     57,373  
Other 7,279     4,581     26,064     15,884  
Total revenues 127,588     91,810     457,058     319,521  
Cost of revenues (1) (2) 21,126     15,264     75,783     52,932  
Gross profit 106,462     76,546     381,275     266,589  
Operating expenses              
Research and development (1) 60,830     43,175     208,306     140,853  
Marketing and sales (1) (2) 30,980     19,231     93,391     67,989  
General and administrative (1) 26,042     17,482     85,458     56,033  
Total operating expenses 117,852     79,888     387,155     264,875  
Operating income (loss) (11,390 )   (3,342 )   (5,880 )   1,714  
Other non-operating income (expense), net (342 )   779     (1,072 )   (2,615 )
Finance income 1,244     50     2,116     226  
Finance costs (9 )   (10 )   (71 )   (74 )
Loss before income tax benefit (10,497 )   (2,523 )   (4,907 )   (749 )
Income tax benefit 5,795     1,352     9,280     7,524  
Net income (loss) $ (4,702 )   $ (1,171 )   $ 4,373     $ 6,775  
Net income (loss) per share attributable to ordinary shareholders:              
Basic $ (0.02 )   $ (0.01 )   $ 0.02     $ 0.04  
Diluted $ (0.02 )   $ (0.01 )   $ 0.02     $ 0.04  
Weighted-average shares outstanding used to compute net income (loss) per share attributable to ordinary shareholders:              
Basic 214,505     144,008     182,773     144,008  
Diluted 214,505     144,008     193,481     145,500  
                       


(1) Amounts include share-based payment expense, as follows:
 
  Three Months Ended June 30,   Fiscal Year Ended June 30,
  2016   2015   2016   2015
Cost of revenues $ 1,606     $ 887     $ 5,371     $ 2,862  
Research and development 12,542     6,444     35,735     22,842  
Marketing and sales 3,385     1,969     11,945     6,670  
General and administrative 7,553     3,620     22,429     9,160  
                       


(2) Amounts include amortization of acquired intangible assets, as follows:
 
  Three Months Ended June 30,   Fiscal Year Ended June 30,
  2016   2015   2016   2015
Cost of revenues $ 1,909     $ 1,737     $ 7,405     $ 6,417  
Marketing and sales 21     16     86     40  
                       

Atlassian Corporation Plc
Consolidated Statements of Financial Position
(U.S. $ in thousands)
(unaudited)

  June 30, 2016   June 30, 2015
Assets      
Current assets:      
Cash and cash equivalents $ 259,709     $ 187,094  
Short-term investments 483,405     30,251  
Trade receivables 15,233     11,747  
Current tax receivables 6,013     939  
Prepaid expenses and other current assets 14,178     8,600  
Total current assets 778,538     238,631  
Non-current assets:      
Property and equipment, net 58,762     41,948  
Deferred tax assets 127,411     81,519  
Goodwill 7,138     7,152  
Intangible assets, net 13,577     21,099  
Other non-current assets 5,547     6,812  
Total non-current assets 212,435     158,530  
Total assets $ 990,973     $ 397,161  
Liabilities      
Current liabilities:      
Trade and other payables $ 57,886     $ 52,636  
Current tax liabilities 286     973  
Provisions 4,716     3,314  
Deferred revenue 173,612     131,231  
Total current liabilities 236,500     188,154  
Non-current liabilities:      
Deferred tax liabilities 6,639     4,919  
Provisions 2,170     1,873  
Deferred revenue 7,456     5,334  
Other non-current liabilities 6,545     6,827  
Total non-current liabilities 22,810     18,953  
Total liabilities $ 259,310     $ 207,107  
Equity      
Share capital $ 21,620     $ 18,461  
Share premium 441,734     5,744  
Other capital reserves 244,335     146,794  
Other components of equity 4,699     4,153  
Retained earnings 19,275     14,902  
Total equity $ 731,663     $ 190,054  
Total liabilities and equity $ 990,973     $ 397,161  
               

Atlassian Corporation Plc
Consolidated Statements of Cash Flows
(U.S. $ in thousands)
(unaudited)

  Three Months Ended June 30,   Fiscal Year Ended June 30,
  2016   2015   2016   2015
Operating activities              
Loss before income tax $ (10,497 )   $ (2,523 )   $ (4,907 )   $ (749 )
Adjustments to reconcile loss before income tax to net cash provided by operating activities:              
Depreciation and amortization 6,342     4,559     21,926     15,511  
Net (gain) loss on disposal of property and equipment (33 )   19     165     71  
Net unrealized foreign currency loss (gain) 160     (856 )   152     1,473  
Share-based payment expense 25,086     12,920     75,480     41,534  
Change in fair value of contingent consideration             (155 )
Interest income (1,244 )   (49 )   (2,116 )   (225 )
Changes in assets and liabilities:              
Trade receivables (1,101 )   (3,125 )   (3,487 )   (7,932 )
Prepaid expenses and other assets (2,454 )   (4,462 )   (4,203 )   (9,846 )
Trade and other payables, provisions and other non-current liabilities 5,647     3,363     11,622     16,067  
Deferred revenue 14,979     13,903     44,503     47,381  
Interest received 1,381     13     2,839     156  
Income tax paid, net of refunds (3,271 )   (2,985 )   (12,432 )   (5,065 )
Net cash provided by operating activities 34,995     20,777     129,542     98,221  
Investing activities              
Business combinations, net of cash acquired     (7,280 )       (10,615 )
Purchases of property and equipment (17,394 )   (13,730 )   (34,213 )   (31,776 )
Purchases of intangible assets             (900 )
Purchases of investments (133,639 )   (15,289 )   (569,067 )   (50,033 )
Proceeds from maturities of investments 17,470     30,281     65,294     64,758  
Proceeds from sales of investments 43,140         49,501      
Payment of deferred consideration         (1,025 )    
Net cash used in investing activities (90,423 )   (6,018 )   (489,510 )   (28,566 )
Financing activities              
Proceeds from issuance of ordinary shares upon initial public offering, net of offering costs         431,447      
Proceeds from exercise of share options, including early exercised options 2,466     1,113     6,732     2,338  
Employee payroll taxes paid related to net share settlement of equity awards         (5,395 )    
Net cash provided by financing activities 2,466     1,113     432,784     2,338  
Effect of exchange rate changes on cash and cash equivalents (223 )   50     (201 )   (1,665 )
Net increase (decrease) in cash and cash equivalents (53,185 )   15,922     72,615     70,328  
Cash and cash equivalents at beginning of period 312,894     171,172     187,094     116,766  
Cash and cash equivalents at end of period $ 259,709     $ 187,094     $ 259,709     $ 187,094  
                               

Atlassian Corporation Plc
Reconciliation of IFRS to Non-IFRS Results
(U.S. $ and shares in thousands, except per share data)
(unaudited)

  Three Months Ended June 30,   Fiscal Year Ended June 30,
  2016   2015   2016   2015
Gross profit:              
IFRS gross profit $ 106,462     $ 76,546     $ 381,275     $ 266,589  
Plus: Share-based payment expense 1,606     887     5,371     2,862  
Plus: Amortization of acquired intangible assets 1,909     1,737     7,405     6,417  
Non-IFRS gross profit $ 109,977     $ 79,170     $ 394,051     $ 275,868  
Operating income:              
IFRS operating income (loss) $ (11,390 )   $ (3,342 )   $ (5,880 )   $ 1,714  
Plus: Share-based payment expense 25,086     12,920     75,480     41,534  
Plus: Amortization of acquired intangible assets 1,930     1,753     7,491     6,457  
Non-IFRS operating income $ 15,626     $ 11,331     $ 77,091     $ 49,705  
Net income:              
IFRS net income (loss) $ (4,702 )   $ (1,171 )   $ 4,373     $ 6,775  
Plus: Share-based payment expense 25,086     12,920     75,480     41,534  
Plus: Amortization of acquired intangible assets 1,930     1,753     7,491     6,457  
Less: Income tax effects and adjustments (5,437 )   (2,771 )   (16,018 )   (9,244 )
Non-IFRS net income $ 16,877     $ 10,731     $ 71,326     $ 45,522  
Net income per share:              
IFRS net income (loss) per share - basic $ (0.02 )   $ (0.01 )   $ 0.02     $ 0.04  
Plus: Share-based payment expense 0.12     0.09     0.42     0.29  
Plus: Amortization of acquired intangible assets 0.01     0.01     0.04     0.05  
Less: Income tax effects and adjustments (0.03 )   (0.02 )   (0.09 )   (0.06 )
Non-IFRS net income per share - basic $ 0.08     $ 0.07     $ 0.39     $ 0.32  
               
IFRS net income (loss) per share - diluted $ (0.02 )   $ (0.01 )   $ 0.02     $ 0.04  
Plus: Share-based payment expense 0.11     0.08     0.37     0.26  
Plus: Amortization of acquired intangible assets 0.01     0.01     0.04     0.04  
Less: Income tax effects and adjustments (0.03 )   (0.01 )   (0.08 )   (0.06 )
Non-IFRS net income per share - diluted $ 0.07     $ 0.07     $ 0.35     $ 0.28  
Weighted-average diluted shares outstanding:              
Weighted-average shares used in computing diluted IFRS net income (loss) per share 214,505     144,008     193,481     145,500  
Dilution from share options and RSUs (1) 17,417     1,496          
Dilution from share options and RSUs granted in periods prior to IPO (2)     17,802     8,205     17,573  
Weighted-average shares used in computing diluted non-IFRS net income per share 231,922     163,306     201,686     163,073  
Free cash flow:              
IFRS net cash provided by operating activities $ 34,995     $ 20,777     $ 129,542     $ 98,221  
Less: Capital expenditures (17,394 )   (13,730 )   (34,213 )   (32,676 )
Free cash flow $ 17,601     $ 7,047     $ 95,329     $ 65,545  
                               

(1) The effects of these dilutive securities were not included in the IFRS calculation of diluted net loss per share for the three months ended June 30, 2016 and 2015 because the effect would have been anti-dilutive.
(2) Gives effect to share options and RSUs in periods prior to our IPO for comparability.

Atlassian Corporation Plc
Reconciliation of IFRS to Non-IFRS Financial Targets
(U.S. $)

  Three Months Ending September 30, 2016   Fiscal Year Ending June 30, 2017
Revenue   $132 million to $134 million
      $592 million to $602 million
 
       
IFRS gross margin   81 %     81
%
Share-based payment expense   1       2  
Amortization of acquired intangible assets   2       1  
Non-IFRS gross margin   84 %     84
%
       
IFRS operating margin   (10 %)     (10
%)
Share-based payment expense   23       24  
Amortization of acquired intangible assets   1       1  
Non-IFRS operating margin   14 %     15
%
       
IFRS net loss per share - diluted $ (0.04 )     $(0.18) to $(0.16)
 
Share-based payment expense   0.13        0.60  
Amortization of acquired intangible assets   0.01        0.04  
Income tax effects and adjustments (0.03 )     (0.14 )
Non-IFRS net income per share - diluted $ 0.07       $0.32 to $0.34
 
Weighted-averages shares used in computing              
diluted non-IFRS net income per share   232 million to 234 million
      234 million to 236 million
 
           
IFRS net cash provided by operations       $160 million to $170 million
 
Less: Capital expenditures       (15 million)  
Free cash flow       $145 million to $155 million
 
           
Investor Relations Contact
Ian Lee
IR@atlassian.com

Media Contact
Heather Staples
press@atlassian.com

Primary Logo