back to article Atlassian anticipates $1.6bn total revenue for fiscal 2020 as subscriptions make it rain

Atlassian, continued its march into megabucks territory with a 37 per cent year-on-year rise in revenues for the quarter as subscriptions led the way. The company trousered $408.7m in revenues for the second quarter of fiscal 2020 (ended 31 December 2019), compared to $299m for the same period in the previous year. $228.7m of …

  1. P. Lee Silver badge
    Mushroom

    Lots of extra income, few new customers, and a transition to cloud

    Is it adding value to its customers to balance the extra money it is taking from them, or is it just taking advantage of inertia?

    If its the latter, it is becoming more vulnerable to competition.

    Icon - there are all sorts of clouds...

    1. teknopaul Silver badge

      Re: Lots of extra income, few new customers, and a transition to cloud

      Speaking as a customer of jira, confluence bitbucket and gitlab, One size fits all devops platforms dont compete with jiras flexibility.

      If I were atlassain I'd be scared of github, not because of features, or cloud, but because Miscrosoft play dirty tricks. Money in the bank is probably your best defense.

  2. sanmigueelbeer Silver badge

    "Atlassian," according to the outgoing Simons, "is just getting warmed up."

    Atlassian, which had a taxable income of $138 million on $1.04 billion in revenue (taken from "The tech giants that paid no Aussie tax" in 2018)

    1. talk_is_cheap

      Why would you expect a UK registered, US quoted company with US$862.3m of debt to be paying tax anywhere in the world, let alone Australian where the rate is set at 30%?

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