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2
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· Posted on
February 21, 2024

Atlassian just beat revenue expectations by about $57 million so never underestimate an Aussie

Atlassian are the biggest of Australia's software success stories.

What's the key learning?

  • After an impressive 2021, Atlassian has issued guidance saying it expects revenue to increase by about 50% this financial year
  • Guidance is an informal report that a public company issues to its shareholders
  • It's often used by investors to adjust their expectations of the company's share price.

Background: Atlassian are the biggest of Australia's software success stories. The company launched 20 years ago, financed by $10,000 in credit card...and now, it's a $100 billion company. Whew.

What happened: It's gone from strength to strength since its inception, and the three months to December 2021 were no different. The company posted second quarter revenue of US$689 million, up 37% on the same time the previous year.

What else: Now, the company has issued guidance saying it expects revenue to increase by about 50% this financial year. Yup, you read that right: 50%.

So what's the key learning?

💡Guidance is an informal report that a public company issues to its shareholders. The company uses the company's earnings to set expectations for an upcoming period (i.e. the next quarter...or the next year).

💡The guidance is often used by investors to adjust their expectations of the company's share price. It's like expectation (guidance) vs reality (actual performance).

💡Because Atlassian's 2022 guidance had plenty of good news, it's no surprise we saw a share price increase around 10% on the news.

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