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Atlassian fiscal Q3 loss widens 50.7% YOY

Atlassian Corporation PLC said its normalized net income for the fiscal third quarter ended March 31 amounted to a loss of 1 cents per share, compared with the S&P Capital IQ consensus estimate of 6 cents per share.

The per-share loss increased year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.6 million, compared with a loss of $1.7 million in the year-earlier period.

The normalized profit margin declined to negative 2.2% from negative 2.1% in the year-earlier period.

Total revenue rose 40.5% year over year to $117.9 million from $84.0 million, and total operating expenses grew 43.8% year over year to $122.9 million from $85.5 million.

Reported net income totaled a loss of $2.1 million, or a loss of 1 cents per share, compared to a loss of $648,000, or a loss of 0 cents per share, in the year-earlier period.