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Atlassian beats Q1 expectations with income adult 42 percent

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(Image: Atlassian)

Atlassian published a first entertain financial results for mercantile 2018 on Thursday, violence marketplace estimates.

The craving program association reported a net income of of $29.9 million, or 12 cents per diluted share, compared with $22.7 million, or 10 cents per share, a year prior. Revenue for Q1 2018 came to $193.8 million, adult 42 percent year over year.

Analysts were awaiting gain of 9 cents on income of $185 million.

Subscription income was quite strong, adult 69 percent year over year during $84.4 million. The association grew a patron count on net by 4,246 for a quarter. It finished Q1 with a sum patron count on an active subscription or upkeep agreement basement of 107,746.

The association reported a giveaway money upsurge of $62.7 million, an boost of 140 percent year over year.

For Q2, Atlassian is awaiting income in a operation of $203 million to $205 million. For a full mercantile year 2018, it’s awaiting income in a operation of $841 million to $847 million.

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