Atlassian Non-GAAP EPS of $0.36 misses by $0.02, revenue of $807M in-line
Atlassian press release (NASDAQ:TEAM): Q1 Non-GAAP EPS of $0.36  misses by $0.02.
Revenue of $807M (+31.4% Y/Y) in-line.
Shares -17.4%.

Quarterly subscription revenue of $651 million, up 50% year-over-year
Quarterly GAAP operating margin of (4)% and non-GAAP operating margin of 18%
Quarterly cash flow from operations of $92 million and free cash flow of $76 million


FQ2 Outlook: Total revenue is expected to be in the range of $835 million to $855 million (vs. consensus $879.58M)
Gross margin is expected to be in the range of 80% to 81% on a GAAP basis and in the range of 83% to 84% on a non-GAAP basis.
Operating margin is expected to be approximately (20%) on a GAAP basis and approximately 13% on a non-GAAP basis.