In its first quarterly report as a public company, Atlassian reported increased revenues year-over-year. It was up 45 percent to $109.7 million for the second quarter of the current fiscal year, which ended Dec. 31. Next quarter, officials at the Sydney, Australia-based enterprise collaboration software provider predict revenue to range from $113 million to $115 million.

"We achieved a strong first quarter as a public company, with a combination of continued growth and profitability," Scott Farquhar, Atlassian’s co-CEO and co-founder, said in a statement. "Our business performed well as teams increasingly rely on our software to collaborate around shared work."

Continued Investment

Farquhar said the company continued to leverage its automated distribution model to make "deep investments in product development." He noted the launch of three purpose-built versions of JIRA — a proprietary issue tracking product — that takes its flagship product into new markets: JIRA Software for agile development teams, JIRA Service Desk for IT and service teams and JIRA Core for non-technical business teams such as HR, finance, legal and marketing.

"With products that support every aspect of team collaboration," he added, "we're well positioned to reach the Fortune 500,000 with the tools needed to create a more open and productive way to work."

Atlassian completed its initial public offering in December, raising net proceeds, after expenses, of $431.4 million.

Learning Opportunities

In fiscal 2015, which ended in June, Atlassian posted $6.8 million in net income, down from $10.8 million and 19 million in fiscal 2013 and 2014, respectively. 

Atlassian sits alongside IBM and Microsoft in Gartner’s 2015 Magic Quadrant for Application Development Life Cycle Management and was named a Challenger in Gartner’s MQ for Workplace Social software.

More customers jumped on board this quarter. Atlassian ended the second quarter with a total customer count on an active subscription or maintenance agreement basis of 54,262, a 27 percent increase year-over-year. Atlassian also added more than 2,600 net new customers during the same period.

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