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Software Maker Atlassian’s Revenue Soars

February 4, 2016

(Reuters) – Atlassian reported a 44.7% increase in quarterly revenue as more customers purchased its software that help companies collaborate and manage their operations.

Net income inched up to $5.1 million in the second quarter ended Dec. 31 from $5.0 million a year earlier. On a per shares basis, profit was flat at 3 cents.

Atlassian, which listed on the Nasdaq in December, said revenue rose to $109.7 million from $75.8 million.

The company added more than 2,600 net new customers in the quarter.

Shares in Atlassian (TEAM) rose 1.4% in after hours trading Thursday to $24.34.