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Atlassian Corporation PLC A TEAM Stock Quote

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Morningstar‘s Stock Analysis TEAM

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Atlassian's Unique Sales Approach and Strong Product Suite Drive a Narrow Moat

Dan Romanoff, CPA Senior Equity Analyst

Business Strategy and Outlook

| Dan Romanoff, CPA |

Atlassian endeavors to “unleash the potential of teams” through better planning, project management, and workflow software, and we think its strong momentum is likely to continue over the next five years as the transition to the cloud continues. Atlassian’s original product, Jira, was designed as a workflow solution for software developers that has grown into a richly featured, easy-to-use, inexpensive, easy-to-buy application. The software is often bundled with Confluence, a collaboration tool. Atlassian’s products are used by organizations of all sizes, from small teams at small and midsize businesses to large teams at large enterprises.

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Business Description

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.

341 George Street, Level 6
Sydney, NSW, 2000, Australia
T +61 292621443
Industry Software - Application
Most Recent Earnings Jun 30, 2022
Fiscal Year End Jun 30, 2023
Employees 8,813

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