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Mar 4, 2024 · Charter Communications and Atlassian both saw their share prices slip, but only one is a potential buy. The Nasdaq Composite, in general, performed well in February, with the index rising...
- Ryan Vanzo
- Its Mission Is Timeless
- Co-Founders Are Still Actively Involved
- It Loves Its Customers
- It's Got A Broad Ecosystem of Products
- Customers Love The Platform
- It Has A Strong History of Growth
- It Has A Huge Market
- It's Got An Efficient Marketing Engine
- It's Investing Heavily in Its Products
- It's Doubling Down on The Cloud
Atlassian's mission "to unleash the potential of every team" is simple, memorable, and timeless. This easy-to-remember statement makes it easy for all stakeholders to align with the company's purpose. An additional benefit is the timeless aspect of the phrase. No matter what changes over the next several decades, this mission will remain relevant.
Co-founders Scott Farquhar and Mike Cannon-Brookes met as incoming freshmen at the University of South Wales in its information technology program. After graduation they founded Atlassian, relying on credit cards for their initial financing in 2002. After two decades, they are still friends and share the CEO position. Their involvement enables the ...
One of the company's core values is "Don't #@!% the customer," which it has demonstrated in a recent announcement to end support of its on-premise server product. Atlassian is providing a three-year window for customers to transition to its cloud-based products and loyalty discounts for those who have more than 500 users on the platform.
Atlassian has 17 core cloud-based software applications that support teams for project planning and execution, software management, post-release customer support, and collaboration/document sharing. A customer can start with any one specific module and expand their usage into other tools over time.
This platform of tools has over 182,000 customers, which grew at a 14% year-over-year rate in Atlassian's most recent quarter. But its overall revenue grew faster, at 26% year over year for the same quarter. This shows that customers spend more every year as they adopt more tools and add more users.
Over the last four fiscal years, Atlassian's top line has grown from $457 million to $1.6 billion. This represents a robust compound annual growth rate of 37%. The solid growth was supported by its ever-widening set of products, its focus on product improvement, and strong customer adoption. Atlassian's demonstrated ability to grow over time bodes ...
Management estimates its addressable market is $24 billion based on today's pricing and products. With $1.7 billion in trailing-12-month revenue, Atlassian has only captured around 7% of the market, giving it plenty of room to grow. As it looks forward in the near term, it's eyeing a business with 100 million monthly active cloud users (up 6.6 time...
In the early days of the company, instead of spending its precious cash resources on marketing efforts, Atlassian invested in making its products better and relied on word-of-mouth to grow. Today, with free trials and an effective land-and-expand strategy, its marketing and sales costs run around 19% of revenue, less than most of its software-as-a-...
A core part of Atlassian's business is its heavy investments in product improvements. It spends a significant 47% of revenue on its research and development teams to focus on product excellence. As a result, customers know that when they purchase a cloud-based subscription they can expect the product will improve over time.
Atlassian's cloud-based subscription revenue already accounts for more than 50% of the top line, but that's just the beginning. With its recent announcement to end its on-premise server products, its subscription revenue from cloud-based products will become 100% of the top line by the end of fiscal year 2024 (June 30, 2024).
- Brian Withers
Oct 17, 2023 · Charter Communications is a robust and adaptable leader in the cable TV industry, focusing on growth in select areas. Click here to read my latest analysis of CHTR.
Aug 30, 2022 · Investors should take the time to consider CHTR for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
Dec 14, 2022 · Is Atlassian Stock a Buy Now? By Keithen Drury – Dec 14, 2022 at 5:15AM. Key Points. Atlassian's revenue growth was strong compared to many software companies. Stock-based compensation rose...
IT project management software keeps teams organized, on track and informed. Jira, for example, offers features like task management, visual boards, and communication tools, all designed to streamline IT projects and boost efficiency, leading to successful IT project outcomes.
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293 in-depth reviews from real users verified by Gartner Peer Insights. Read the latest Atlassian reviews, and choose your business software with confidence.
