Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 176

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part II, Item 1A
Chunk 176
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 future elect, to develop or acquire their own internal collaboration and productivity software tools that would reduce or eliminate the demand for our solutions.

Our products seek to serve multiple markets, and we are subject to competition from a wide and varied field of competitors. Some competitors, particularly new and emerging companies with sizeable venture capital investment, could focus all their energy and resources on one product line or use case and, as a result, any one competitor could develop a more successful product or service in a particular market we serve which could decrease our market share and harm our brand recognition and results of operations. For all of these reasons and others we cannot anticipate today, we may not be able to compete successfully against our current and future competitors, which could harm our business, results of operations, and financial condition.

Our quarterly results have fluctuated in the past and may fluctuate significantly in the future and may not fully reflect the underlying performance of our business.

Our quarterly financial results have fluctuated in the past and may fluctuate in the future as a result of a variety of factors, many of which are outside of our control. If our quarterly financial results fall below the expectations of investors or any securities analysts who follow us, the price of our Class A Common Stock could decline substantially. Factors that may cause our revenue, results of operations and cash flows to fluctuate from quarter to quarter include, but are not limited to:

•our ability to attract new customers, retain and increase sales to existing customers, and satisfy our customers’ requirements;

•the timing of customer renewals; 

•challenges in collecting outstanding accounts receivable balances; 

•changes in our or our competitors’ pricing policies and offerings;

•new products, features, enhancements, or functionalities introduced by our competitors;

•the amount and timing of operating costs and capital expenditures related to the operations and expansion of our business;

•significant security breaches, technical difficulties, or interruptions to our products or the third-party products on which we rely;

•our increased focus on our Cloud offerings, including customer migrations to our Cloud products;

•our ability to incorporate artificial intelligence solutions and features into our products, platform and business;

•the number of new employees added or, conversely, any reductions in force;

•changes in foreign currency exchange rates or adding additional currencies in which our sales are denominated;

•the amount and timing of acquisitions or other strategic transactions;

•extraordinary expenses such as litigation, tax settlements, adverse audit rulings or other dispute-related settlement payments;

•general economic conditions, including inflationary pressures and interest