SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Atlassian Corporation Plc (TEAM) on Thursday reported a loss of $42.6 million in its fiscal second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 16 cents. Earnings, adjusted for stock option expense and amortization costs, were $1.22 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The company posted revenue of $1.59 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.54 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEAM at https://www.zacks.com/ap/TEAM
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