Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 360

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 2
Chunk 360
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Revenues Six Months Ended December 31,(in thousands, except percentage data)20242023$ Change% ChangeSubscription$2,345,196 $1,784,163 $561,033 31 %Other129,048 253,722 (124,674)(49)Total revenues$2,474,244 $2,037,885 $436,359 21 %

Total revenues increased $436.4 million, or 21%, in the six months ended December 31, 2024 compared to the six months ended December 31, 2023. Growth in total revenues was primarily attributable to increased demand for our products from existing customers. Of total revenues recognized in the six months ended December 31, 2024, over 90% was attributable to sales to customer accounts existing on or before June 30, 2024.

Subscription revenues increased $561.0 million, or 31%, in the six months ended December 31, 2024 compared to the six months ended December 31, 2023. The increase in subscription revenues was primarily attributable to paid seat expansion from our existing customers, migrations, and price increases.

Other revenues decreased $124.7 million, or 49%, in the six months ended December 31, 2024 compared to the six months ended 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