Atlassian Corporation reported strong Q1 FY2025 financial results with total revenue reaching $1.19 billion, up 21% year-over-year. Subscription revenue grew 33% to $1.13 billion, primarily driven by Cloud revenue which increased 31% to $792.3 million. The company added over 1,000 customers with Cloud ARR greater than $10,000, bringing the total to 46,844 customers.Operating loss widened to $32.0 million from $18.9 million a year ago, as operating expenses increased 22% to $1.0 billion, largely due to higher research and development investments and stock-based compensation. The company reported a net loss of $123.8 million compared to $31.9 million in the prior year, impacted by increased tax provisions and investment losses.Looking ahead, Atlassian continues to focus on Cloud migration and innovation, including AI capabilities. The company maintained strong cash position with $2.1 billion in cash and cash equivalents, while announcing a new $1.5 billion share repurchase program. The company's subscription-based model demonstrated resilience with Cloud products now representing the majority of revenue.

Atlassian Corporation reported strong Q1 FY2025 financial results with total revenue reaching $1.19 billion, up 21% year-over-year. Subscription revenue grew 33% to $1.13 billion, primarily driven by Cloud revenue which increased 31% to $792.3 million. The company added over 1,000 customers with Cloud ARR greater than $10,000, bringing the total to 46,844 customers.Operating loss widened to $32.0 million from $18.9 million a year ago, as operating expenses increased 22% to $1.0 billion, largely due to higher research and development investments and stock-based compensation. The company reported a net loss of $123.8 million compared to $31.9 million in the prior year, impacted by increased tax provisions and investment losses.Looking ahead, Atlassian continues to focus on Cloud migration and innovation, including AI capabilities. The company maintained strong cash position with $2.1 billion in cash and cash equivalents, while announcing a new $1.5 billion share repurchase program. The company's subscription-based model demonstrated resilience with Cloud products now representing the majority of revenue.