Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 277

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 277
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 26%, 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 $239.0 million in compensation expenses for employees (which includes an increase of $115.5 million in stock-based compensation).

Marketing and Sales Six Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeMarketing and sales$524,287 $414,080 $110,207 27 %

Marketing and sales expenses increased $110.2 million, or 27%, for 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 $67.9 million in compensation expenses for employees (which includes an increase of $8.8 million in stock-based compensation), and an increase of $30.4 million in advertising and marketing event expenses.

General and Administrative Six Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeGeneral and administrative$315,349 $300,654 $14,695 5 %

General and administrative expenses increased $14.7 million, or 5%, 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 $16.7 million in compensation expenses for employees (which includes an increase of $10.0 million in stock-based compensation).

Other Expense, net Six Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeOther expense, net$(27,431)$(12,974)$(14,457)111 %

Other expense, net increased $14.5 million, or 111% in the six months ended December 31, 2024 compared to the six months ended December 31, 2023. The increase was primarily attributable to an increase of $8.5 million in expense related to our share of loss from an equity method investment and an increase of $3.8 million in contributions to the Atlassian Foundation.

Interest Income

Six Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeInterest Income$54,150 $47,819 $6,331 13 %

Interest