Atlassian barges into the billion dollar club with a cheery G'Day!

Aussie Jira flinger celebrates a bonzer quarter

Atlassian, home of Jira, Trello and Bitbucket, has rounded out calendar 2018 with over $1bn in revenues as it continues to persuade customers that the cloud is really where they’d like to be.

That $1bn figure was achieved thanks to a bumper fiscal Q2 2019 ended 31 December, which saw the Australian company vacuum up $299m in revenue, an increase of 39 per cent year-on-year. It also generated $122m in free cash-flow, to lubricate the cogs of the business, almost double that of the same time last year.

The company was also keen to point out that it now had more than 65,000 customers for its Jira issue tracking system alone, more than the total customers the outfit had when it went public three years ago.

However, co-CEO Scott Farquhar was reluctant to break down that Jira figure further when questioned by analysts. The recently launched management tool, Jira Core, was “still growing” according to Farquhar as he pointed out the bulk of Jira revenues continue to come from the Jira Software and Jira Services desks customers know and love.

65,000 of them, at least.

Overall, the company now has 138,235 customers, which includes the 1,396 that came aboard following the Opsgenie acquisition toward the end of calendar year 2018. The figure is nearly a 30 per cent jump from the same period in the previous year.

The company was also happy to report that nearly 85 per cent of its new customers had opted to go for the cloud, a product line that Atlassian President Jay Simons told analysts was “a little more expensive than Server”.

As for the breakdown of that Q2 $299m figure, the proportions have changed markedly since the same time in fiscal '18: with Subscriptions accounting for over half of the revenue, at $153m. In the previous year, subs accounted for $98m of the $215m quarterly revenue.

Losses were also down, as a $13m operating loss for the same time last year was trimmed to $3m this time around.

The company intends to continue using its newly acquired product lines, such as Opsgenie, to increase revenue to between $303m and $305m for the next quarter, with a view to rounding out the fiscal year with total sales of almost $1.2bn. ®

Similar topics

Other stories you might like

  • Tesla driver charged with vehicular manslaughter after deadly Autopilot crash

    Prosecution seems to be first of its kind in America

    A Tesla driver has seemingly become the first person in the US to be charged with vehicular manslaughter for a deadly crash in which the vehicle's Autopilot mode was engaged.

    According to the cops, the driver exited a highway in his Tesla Model S, ran a red light, and smashed into a Honda Civic at an intersection in Gardena, Los Angeles County, in late 2019. A man and woman in the second car were killed. The Tesla driver and a passenger survived and were taken to hospital.

    Prosecutors in California charged Kevin George Aziz Riad, 27, in October last year though details of the case are only just emerging, according to AP on Tuesday. Riad, a limousine service driver, is facing two counts of vehicular manslaughter, and is free on bail after pleading not guilty.

    Continue reading
  • AMD returns to smartphone graphics with new Samsung chip for your pocket computer

    We're back in black

    AMD's GPU technology is returning to mobile handsets with Samsung's Exynos 2200 system-on-chip, which was announced on Tuesday.

    The Exynos 2200 processor, fabricated using a 4nm process, has Armv9 CPU cores and the oddly named Xclipse GPU, which is an adaptation of AMD's RDNA 2 mainstream GPU architecture.

    AMD was in the handheld GPU market until 2009, when it sold the Imageon GPU and handheld business for $65m to Qualcomm, which turned the tech into the Adreno GPU for its Snapdragon family. AMD's Imageon processors were used in devices from Motorola, Panasonic, Palm and others making Windows Mobile handsets.

    Continue reading
  • Big shock: Guy who fled political violence and became rich in tech now struggles to care about political violence

    'I recognize that I come across as lacking empathy,' billionaire VC admits

    Billionaire tech investor and ex-Facebook senior executive Chamath Palihapitiya was publicly blasted after he said nobody really cares about the reported human rights abuse of Uyghur Muslims in China.

    The blunt comments were made during the latest episode of All-In, a podcast in which Palihapitiya chats to investors and entrepreneurs Jason Calacanis, David Sacks, and David Friedberg about technology.

    The group were debating the Biden administration’s response to what's said to be China's crackdown of Uyghur Muslims when Palihapitiya interrupted and said: “Nobody cares about what’s happening to the Uyghurs, okay? ... I’m telling you a very hard ugly truth, okay? Of all the things that I care about … yes, it is below my line.”

    Continue reading

Biting the hand that feeds IT © 1998–2022