Summary by Moomoo AI
Atlassian Corporation reported Q4 FY2024 revenue of $1.13 billion, up 20% year-over-year, with subscription revenue growing 34% to $1.07 billion. The company's GAAP operating loss was $67 million, while non-GAAP operating income reached $222 million with a 20% margin. Free cash flow for the quarter was $413 million, representing a 37% margin.For the full fiscal year 2024, Atlassian's revenue grew to $4.4 billion, up 23% from the previous year. The company surpassed 300,000 customers and reported 524 customers spending over $1 million annually, a 48% increase year-over-year. Atlassian also achieved FedRAMP "In Process" status, marking progress in supporting U.S. public sector cloud adoption.Looking ahead to FY2025, Atlassian expects total revenue growth of approximately 16% year-over-year, with Cloud revenue growth of about 23% and Data Center revenue growth of around 20%. The company remains focused on enterprise cloud adoption, AI innovation, and its System of Work vision, while targeting non-GAAP operating margin expansion to over 25% by FY2027.
