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…
-
General17 hours agoHeroic surfing priest rescues father and son from rip at Cable Beach
-
Business22 hours agoThese are the 10 most shorted ASX shares 9 June 2025
-
Noosa News18 hours agoBike riders to cycle across the traffic lanes of the Story Bridge
-
Noosa News20 hours agoQueensland braces for cold snap with below-average temperatures and frost