Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 272

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 8
Chunk 272
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 the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The decrease in other revenues was primarily attributable to a decrease of $66.2 million in maintenance revenue due to the end of support for our Server offerings.

Total revenues by deployment options were as follows: Three Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeCloud$846,962 $653,210 $193,752 30 %Data Center362,281 274,758 87,523 32 Server— 69,173 (69,173)(100)Marketplace and other77,220 62,969 14,251 23 Total revenues$1,286,463 $1,060,110 $226,353 21 %

Total revenues by geography were as follows: Three Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeAmericas$619,165 $514,434 $104,731 20 %EMEA525,482 425,292 100,190 24 Asia Pacific141,816 120,384 21,432 18 Total revenues$1,286,463 $1,060,110 $226,353 21 %

Cost of Revenues  Three Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeCost of revenues$223,127$194,536$28,591 15 %Gross margin83 %82 %

Cost of revenues increased $28.6 million, or 15%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The overall increase was primarily attributable to an increase of $11.1 million in hosting fees paid to third-party providers, an increase of $7.4 million in compensation expense for employees (which includes an increase of $3.8 million in stock-based compensation), an increase of $4.0 million in software subscription costs and an increase of $3.1 million in amortization from acquired intangible assets. 

30

Operating Expenses

Research and Development Three Months Ended December 31,  (in thousands, except percentage data)20242023$ Change% ChangeResearch and development$680,213 $536,779 $143,434