Atlassian Corporation (TEAM) Q2 2020: Earnings Snapshot

 — Atlassian Corporation (NASDAQ:
TEAM) reported second-quarter 2020 earnings of $0.37
per share, vs. $0.27 per share expected.

— Net revenue grew 37% to $408.7 million, vs. $388.93 million expected. Subscription revenue grew 50% year-over-year.

—  Atlassian added 5,003 net new customers during
the quarter.

—
The company’s President Jay Simons, will leave Atlassian in July 2020.

— TEAM shares rose 8.6% immediately following the announcement. 

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