SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Atlassian Corporation Plc (TEAM) on Thursday reported a loss of $38.2 million in its fiscal second quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, came to 96 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The company posted revenue of $1.29 billion in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $1.24 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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