Atlassian has reported a second consecutive quarterly profit, posting net income of US$91 million for the three months to 30 September, the first quarter of its 2027 financial year.
That compares with a net loss of US$52 million a year earlier. Startup Daily notes profit was down from US$139 million in the June quarter.
The numbers
| Measure | Q1 FY27 | Change |
|---|---|---|
| Revenue | US$1.772b | up 24% |
| Cloud revenue | US$1.302b | up 31% |
| Subscription ARR | US$6.812b | up 23% |
| Remaining performance obligations | US$4.746b | up 44% |
| GAAP operating margin | 11% | from -7% |
| Free cash flow | US$463m |
Startup Daily put the profit at about A$131 million and revenue at about A$2.55 billion.
The AI pitch
Co-founder and chief executive Mike Cannon-Brookes said enterprise AI had reached an inflection point and that “model power is table stakes”. The company says the advantage now lies with platforms that bring people and AI agents together with shared context.
Atlassian highlighted its Agentic Multiplayer Protocol, which gives AI agents their own identity, permissions and audit trail inside its tools, and an expanded partnership with OpenAI connecting ChatGPT and Codex to Atlassian data. It said its Service Collection now has more than 70,000 customers and over US$1 billion in annual recurring revenue.
What’s next
- December-quarter revenue is forecast at US$1.825 billion to US$1.835 billion.
- The GAAP operating margin is expected to dip to about 4.5% that quarter.
- Full-year revenue growth is now forecast at about 13.75%, which Startup Daily says is up from 13% in August.
- Data Center revenue is expected to fall about 16% for the year.
The result follows an AI-focused restructuring announced in March that cut 1,600 jobs, according to Startup Daily.
