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Atlassian’s beats revenue predictions as losses grow – and investors are happy
- Atlassian exceeded revenue predictions in Q1 FY25, with total revenue of US$1.19bn, up 21%.
- Subscription revenue also surpassed expectations, reaching US$1.13bn, up 33%.
- Despite the positive revenue growth, Atlassian reported a net loss of US$123.8m, up 300%.
- The company plans a $1.5bn share buyback and expects a revenue growth of 16.5-17% for FY25.
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