US Earnings

Posted on | by Leon Hinde | Leave a Comment on US Earnings

Tuesday, February 20 – Walmart, Home Depot, Caesars Entertainment, Palo Alto Networks, and Medtronic.

Wednesday, February 21 – Analog Devices, Nvidia, Etsy, Rio Tinto, Marathon Oil, Rivian Automotive, and Lucid Group.

Thursday, February 22 – PG&E, Dominion Energy, Moderna, Intuit, Booking Holdings, Wayfair, and Carvana.

Friday, February 23 – Warner Bros. Discovery, Bloomin’ Brands, and Ameren. 

Atlassian

Posted on | by Leon Hinde | Leave a Comment on Atlassian

TEAM:NAS is under Algo Engine buy conditions.

First Quarter Fiscal Year 2024 Financial Highlights:
On a GAAP basis, Atlassian reported:

  • Revenue: Total revenue was $977.8 million for the first quarter of fiscal year 2024, up 21% from $807.4 million
    for the first quarter of fiscal year 2023.
  • Operating Loss and Operating Margin: Operating loss was $18.9 million for the first quarter of fiscal year
    2024, compared with operating loss of $34.0 million for the first quarter of fiscal year 2023. Operating
    margin was (2)% for the first quarter of fiscal year 2024, compared with (4)% for the first quarter of fiscal year
    2023.
  • Net Loss and Net Loss Per Diluted Share: Net loss was $31.9 million for the first quarter of fiscal year 2024,
    compared with net loss of $13.7 million for the first quarter of fiscal year 2023. Net loss per diluted share
    was $0.12 for the first quarter of fiscal year 2024, compared with net loss per diluted share of $0.05 for the first
    quarter of fiscal year 2023.
  • Balance Sheet: Cash and cash equivalents plus marketable securities at the end of the first quarter of fiscal
    year 2024 totaled $2.2 billion.

Financial Targets:
Atlassian is providing the following financial targets that do not include any impact from the Loom acquisition, which is
expected to close in the third quarter of its fiscal year 2024, subject to customary closing conditions and required
regulatory approval:
Second Quarter Fiscal Year 2024:

  • Total revenue is expected to be in the range of $1,010 million to $1,030 million.
  • Cloud revenue growth year-over-year is expected to be in the range of 25.5% to 27.5%.
  • Data Center revenue growth year-over-year is expected to be approximately 33%.
  • Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a nonGAAP basis.
  • Operating margin is expected to be approximately (7.5%) on a GAAP basis and approximately 21.0% on a nonGAAP basis.
    2
    Fiscal Year 2024:
  • Cloud revenue growth year-over-year is expected to be in the range of 25% to 30%.
  • Data Center revenue growth year-over-year is expected to be approximately 31%.
  • Gross margin is expected to be approximately 81.0% on a GAAP basis and approximately 83.5% on a nonGAAP basis.
  • Operating marg