Earnings after the bell for TEAM today.
Atlassian is a global software company helping teams around the world unleash their potential. We build tools that help teams collaborate, build, and create together.
Revenue growth (%)
2017 34 36 36 37
2018 42 43 40 40
2019 38 39
FCF $ (% of revenue)
2015 66 (21%)
2016 95 (21%)
2017 183 (29%)
2018 281 (32%)
2019G 370-380 (32%)
My main concern with TEAM, are they going to run out of customers?
They have about 138,000 customers last quarter.
During the investor breakout from Summit 19 (TEAM’s yearly user conference last week), they think they have potential for 1 million customers.
A couple of other things I picked up this week:
In rereading the last quarterly letter, they talk about the purchase of Opsgenie, and how they are going to role it out, using their sales model, to all their current customers.
Will be interesting to see how that affects PagerDuty.
PagerDuty was a sponsor of the SUMMIT19 conference.
The name Atlassian comes from the greek god Atlas.
TEAM never took invested capital before going public.
A really good history of the company, before IPO, can be found on the ACQUIRED podcast, a few seasons back.
ACQUIRED has a great review pre IPO of Square.
Jim (long TEAM)