Atlassian Corporation reported strong financial results for fiscal year 2024, with total revenue increasing 23% year-over-year to $4.36 billion. Cloud revenue grew 29% to $2.70 billion, while Data Center revenue rose 48% to $1.21 billion. The number of customers with Cloud ARR greater than $10,000 increased to 45,842, up from 38,726 in the prior year.The company completed several strategic initiatives, including the $885.6 million acquisition of Loom in November 2023 to enhance asynchronous video collaboration capabilities. Atlassian also issued $1 billion in senior notes and amended its credit facility. However, operating loss was $117.1 million and net loss was $300.5 million for the fiscal year, primarily due to increased investments in research and development.Free cash flow grew significantly to $1.42 billion, up from $842.5 million in FY2023. The company maintained strong gross margins at 82% while continuing to invest heavily in product development, with R&D expenses representing 50% of revenue. Atlassian also repurchased approximately $394 million of Class A Common Stock during the year as part of its $1 billion share repurchase program.

Atlassian Corporation reported strong financial results for fiscal year 2024, with total revenue increasing 23% year-over-year to $4.36 billion. Cloud revenue grew 29% to $2.70 billion, while Data Center revenue rose 48% to $1.21 billion. The number of customers with Cloud ARR greater than $10,000 increased to 45,842, up from 38,726 in the prior year.The company completed several strategic initiatives, including the $885.6 million acquisition of Loom in November 2023 to enhance asynchronous video collaboration capabilities. Atlassian also issued $1 billion in senior notes and amended its credit facility. However, operating loss was $117.1 million and net loss was $300.5 million for the fiscal year, primarily due to increased investments in research and development.Free cash flow grew significantly to $1.42 billion, up from $842.5 million in FY2023. The company maintained strong gross margins at 82% while continuing to invest heavily in product development, with R&D expenses representing 50% of revenue. Atlassian also repurchased approximately $394 million of Class A Common Stock during the year as part of its $1 billion share repurchase program.