SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Atlassian Corporation Plc (TEAM) on Thursday reported a loss of $59 million in its fiscal fourth quarter.
The San Francisco-based company said it had a loss of 23 cents per share. Earnings, adjusted for one-time gains and costs, were 57 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The company posted revenue of $939.1 million in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $911.2 million.
For the year, the company reported a loss of $486.8 million, or $1.90 per share. Revenue was reported as $3.53 billion.
For the current quarter ending in September, Atlassian said it expects revenue in the range of $950 million to $970 million.
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