Business
‘Hard yakka’ as Atlassian’s profit takes a hit – Sydney Morning Herald
Australian software giant’s shares slump on the Nasdaq after it flagged slower revenue through the remainder of financial year.
Australian software giant Atlassian has seen its profits dip for the fiscal first quarter, weighed down by the company’s ongoing push to move customers to the cloud and measures taken to contain the COVID-19 pandemic.
The Nasdaq-listed company posted a loss of $US21.6 million ($30.71 million) for the quarter ended September 30, compared with net income of $US69.3 million ($98.46 million) for the same period in fiscal 2020.
Atlassian co-chief executives Scott Farquhar (foreground) and Mike Cannon-Brookes…
-
General20 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
Noosa News16 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General9 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News9 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership