LONDON (AP) _ Atlassian Corporation Plc (TEAM) on Thursday reported a loss of $77.5 million in its fiscal second quarter.
On a per-share basis, the London-based company said it had a loss of 31 cents. Earnings, adjusted for stock option expense and pretax expenses, came to 50 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The company posted revenue of $688.5 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $638.6 million.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEAM at https://www.zacks.com/ap/TEAM
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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 
