TEAM

Atlassian Corporation PLC

TMT


Presented:07/12/2016
Price:$27.30
Cap:$5.81B
Current Price:$190.89
Cap:$49.64B

Presented

Date07/12/2016
Price$27.30
Market Cap$5.81B
Ent Value$4.63B
P/E RatioN/A
Book Value$3.31
Div Yield0%
Shares O/S212.92M
Ave Daily Vol826,128
Short Int0.19%

Current

Price$190.89
Market Cap$49.64B
Atlassian Corp. Plc operates as an enterprise software company. The company engages in the designing, developing, licensing and maintaining of software and the provisioning of software hosting services to help teams organize, discuss and complete their work. Its products form an integrated system for organizing, discussing and completing shared work, becoming deeply entrenched in how people work together and how organizations run. Atlassian was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in Sydney, Australia.

Publicly traded companies mentioned herein: Atlassian Corporation PLC (TEAM), Google (GOOGL), Salesforce (CRM), Microsoft (MSFT) and IBM (IBM).

Highlights

Atlassian was one of the last companies to go public in December of last year. The company is known for Jira, its collaboration software product used primarily by software development teams. A solid if somewhat dated product with a somewhat cultish following, Jira has gradually gained traction elsewhere in the enterprise, leading the company to believe it can continue to move up the food chain. Atlassian has long touted the fact that it eschews employing a traditional sales force in favor of aggressive investment - up to 40% of revenues - in R&D, but the presenter’s short thesis is predicated on his belief that the company’s growth aspirations cannot possibly materialize absent the efforts of a proper sales team.

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Idea Discussion

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