Atlassian Corporation Plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Provides Earnings Guidance for the Third Quarter Ending March 31, 2018 and Fiscal Year Ending June 30, 2018
January 18, 2018 at 04:05 pm EST
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Atlassian Corporation Plc reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, total revenues were $212,626,000 against $148,909,000 a year ago. Operating loss was $15,256,000 against $2,639,000 a year ago. Loss before income tax benefit was $14,188,000 against $1,487,000 a year ago. Net loss was $65,230,000 against $1,698,000 a year ago. Net loss per basic and diluted share attributable to ordinary shareholders was $0.28 against $0.01 a year ago. Net cash provided by operating activities was $72,328,000 against $47,399,000 a year ago. Purchases of property and equipment were $4,550,000 against $2,907,000 a year ago. Non-IFRS operating income was $44,412,000 against $27,584,000 a year ago. Non-IFRS net income was $31,002,000 against $21,664,000 a year ago. Non-IFRS net income per share diluted was $0.13 against $0.09 a year ago.
For six months, total revenues were $406,444,000 against $285,696,000 a year ago. Operating loss was $37,581,000 against $7,767,000 a year ago. Loss before income tax benefit was $35,932,000 against $5,363,000 a year ago. Net loss was $79,224,000 against $4,335,000 a year ago. Net loss per basic and diluted share attributable to ordinary shareholders was $0.35 against $0.02 a year ago. Net cash provided by operating activities was $137,577,000 against $75,861,000 a year ago. Purchases of property and equipment were $7,114,000 against $5,298,000 a year ago. Non-IFRS operating income was $80,527,000 against $55,377,000 a year ago. Non-IFRS net income was $60,946,000 against $44,384,000 a year ago. Non-IFRS net income per share diluted was $0.25 against $0.19 a year ago.
For the third quarter of 2018. Total revenue is expected to be in the range of $217 million to $219 million. Gross margin is expected to be approximately 80% on an IFRS basis and approximately 83% on a non-IFRS basis. Operating margin is expected to be approximately (5%) on an IFRS basis and approximately 17% on a non-IFRS basis. Net loss per diluted share is expected to be approximately $0.08 on an IFRS basis, and net income per diluted share is expected to be approximately $0.08 on a non-IFRS basis.
For the full year 2018. Total revenue is expected to be in the range of $853 million to $857 million. Gross margin is expected to be approximately 80% on an IFRS basis and approximately 84% on a non-IFRS basis. Operating margin is expected to be approximately (8%) on an IFRS basis and approximately 19% on a non-IFRS basis. Net loss per diluted share is expected to be in the range of $0.48 to $0.47 on an IFRS basis, and net income per diluted share is expected to be in the range of $0.47 to $0.48 on a non-IFRS basis. Free cash flow is expected to be in the range of $260 million to $270 million, which includes capital expenditures that are expected to be in the range of $25 million to $30 million.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.
Atlassian Corporation Plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Provides Earnings Guidance for the Third Quarter Ending March 31, 2018 and Fiscal Year Ending June 30, 2018