Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 276

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 276
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 December 31, 2023. The decrease in other revenues was primarily attributable to a decrease of $141.7 million in maintenance revenue due to the end of support for our Server offerings.

Total revenues by deployment options were as follows: Six Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeCloud$1,639,268 $1,257,857 $381,411 30 %Data Center697,875 517,701 180,174 35 Server— 147,925 (147,925)(100)Marketplace and other137,101 114,402 22,699 20 Total revenues$2,474,244 $2,037,885 $436,359 21 %

Total revenues by geography were as follows: Six Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeAmericas$1,203,664 $1,003,962 $199,702 20 %EMEA994,751 803,298 191,453 24 Asia Pacific275,829 230,625 45,204 20 Total revenues$2,474,244 $2,037,885 $436,359 21 %

Cost of Revenues  Six Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeCost of revenues$440,751$372,565$68,186 18 %Gross margin82 %82 %  

Cost of revenues increased $68.2 million, or 18%, in the six months ended December 31, 2024 compared to the six months ended December 31, 2023. The overall increase was primarily attributable to an increase of $33.6 million in hosting fees paid to third-party providers, an increase of $13.5 million in compensation expense for employees (which includes an increase of $5.2 million in stock-based compensation), and an increase of $7.4 million in amortization from acquired intangible assets.

33

Operating Expenses

Research and Development Six Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeResearch and development$1,283,314 $1,018,517 $264,797 26 %

Research and development expenses increased $264.8 million, or