The $43 billion Australian software giant Atlassian has stayed resilient through the coronavirus pandemic, as its catalog of collaboration software drove thousands of new customers during the remote work boom.
One of Atlassian’s top priorities is investing aggressively in its cloud products, as well as making sure they work well with each other.
Atlassian faces some competition from Microsoft, but Gregg Moskowitz, managing director at Mizuho, says Atlassian has a stronger product portfolio and a different way of gaining customers.
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Atlassian began as an idea by college friends Scott Farquhar and Mike Cannon-Brookes in 2002: A company dedicated to making tools for their fellow software developers.
Eighteen years or so later, Atlassian is now Australia’s biggest tech success story, valued at $43 billion, with its stock price growing sixfold since its 2015 IPO. As the world continues to turn to software to power everything from finance to fitness, Atlassian has grown accordingly, adding 3,000 new customers in its most recent quarter, and 6,000 the quarter before — even amid the coronavirus pandemic.
In that quarter, the company reported on Thursday, it booked some $430 million in revenue, up 29% from the same period last year. Its stock …read more
Source:: Businessinsider – Tech