Company: TEAM
Filing Date: 2025-01-31
Form Type: 10-Q
Source: 0001650372-25-000009
Chunk: 36

Company: Atlassian Corp
Filing Date: 2025-01-31
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 in total revenues was primarily attributable to increased demand for our products from existing customers. Of total revenues recognized in the three months ended December 31, 2024, over 90% were attributable to sales to customer accounts existing on or before September 30, 2024.

Subscription revenues increased $281.1 million, or 30%, in the three months ended December 31, 2024 compared to the three months ended December 31, 2023. The increase in subscription revenues was primarily attributable to paid seat expansion from our existing customers, price increases, and migrations.

Other revenues decreased $54.7 million, or 43%, in 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