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The Atlassian collaboration software group is targeting the growth of its core of IT team users, envisioning a future in which developers will be available 24×7 to manage technology failures.
In the last quarter, the company, founded by Rich Listers' Mike Cannon-Brookes and Scott Farquhar, has launched a new version of Jira's flagship product, Jira Ops, designed to help technical teams manage incidents or outages. faster and more efficiently. It also tracks actions taken after the incident to ensure that it does not happen again.
The company, with US $ 19.3 billion (US $ 27.2 billion), also acquired the US $ 295 million OpsGenie developer display tool as part of a a broader plan to create better computer system incident management technology.
"We're finding that incident management is going to be a daily occurrence for almost every software developer because people are moving to the cloud and have to manage their business 24/7. It's a big cultural change for every developer, "said Mr. Farquhar, co-executive director of Atlassian.
"We're seeing a world in which, in the next five or ten years, it would be unusual for developers to be on-call and not part of an availability list system." The combination of Status Page, Ops Genie and Jira Ops is a developer will need. "
Publicity
On Friday morning (Australian time), Atlassian released its first quarter results of fiscal year 2019, revealing that its revenues had increased 37% in one year, reaching US $ 267.3 million for the quarter.
At the same time, the company's net loss reached US $ 242.4 million, up from US $ 11.5 million this year, but was due to financing and other costs of $ 244 million. Mainly linked to its exchangeable senior notes. .
The result came ahead of the consensus of analysts, but despite this, investors pushed the NASDAQ-listed share price to a nearly 6% decline in after-hours trading at 77.47. USD. Atlassian expects revenue of US $ 1.175 billion to US $ 1.183 billion for the full year, as well as free cash flow of US $ 360 million to US $ 360 million.
IT teams have good "landing points"
While the company is currently trading just below its peak of US $ 98 reached in September for 52 weeks, its share price has risen more than 100% in the last 12 months.
During the quarter, Atlassian increased its total number of customers from 5888 to approximately 132,000. The company's primary goal is to use Atlassian in the Fortune 500,000 ranking.
Mr. Cannon-Brookes, co-CEO of Atlassian, said that IT teams had always been good "landing points" for the company, within organizations, suggesting that targeting Permanently these groups would have positive effects and would lead to teams in departments such as marketing also moving to Atlassian products.
"These are teams that are looking for solutions and improvements to their workflow, they are also teams that work with many other companies," he said.
"When we think of all the teams in a company, we think of Jira and Confluence as much as Trello. [its project management tool that’s generally used by a wider user base]. "
In July, Atlassian announced that it was abandoning its Stride and HipChat communication tools to create a relationship with rival Slack.
As part of this deal, Atlassian is helping Stride and HipChat customers migrate to Slack, for which Slack pays them a commission.
The company confirmed during its call to analysts that it was starting to have a "modest impact," but said it was still early.
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