Summary by Moomoo AI
Atlassian Corporation reported strong Q1 FY25 results with total revenue of $1.19 billion, up 21% year-over-year, driven by 33% growth in subscription revenue. The company achieved a non-GAAP operating margin of 23% and generated $74.3 million in free cash flow.Atlassian announced the appointment of Brian Duffy as Chief Revenue Officer, effective January 1, 2025. Duffy brings extensive experience in sales transformations from his 18-year tenure at SAP, where he most recently served as President of Cloud.The company's Board of Directors authorized a new $1.5 billion share repurchase program, set to commence upon completion of the existing $1.0 billion program. For Q2 FY25, Atlassian expects total revenue between $1,233 million and $1,241 million, with cloud revenue growth of approximately 25.5% year-over-year.