Atlassian — First Quarter Fiscal Year 2027 Earnings Summary

Atlassian reported first-quarter fiscal 2027 total revenue of $1.772 billion, representing a 24% year-over-year increase, with cloud revenue growing 31% to $1.302 billion. The company achieved a GAAP operating margin of 11% and a non-GAAP operating margin of 32%, while generating $463 million in free cash flow. Subscription annual recurring revenue (ARR) rose 23% year-over-year to $6.812 billion, and remaining performance obligations increased 44% to $4.746 billion. Recent business highlights include the Service Collection surpassing 70,000 customers and the introduction of the Agentic Multiplayer Protocol to integrate AI agents into team workflows.