Melbourne data security engineering platform Redactive AI has been acquired by pan-Pacific data management firm RecordPoint. The startup, cofounded by ex-Atlassians Andrew Pankevicius and Alexander Valente, plus AI Engineer Lucas Sargent, exits after just two years in business. The terms of the deal were not disclosed. Their goal was to tackle the missing AI engineering… Read more »
The research and development tax incentive (R&DTI) is only growing in value and scope, with a new Australian Taxation Office (ATO) transparency report detailing $16.2 billion in claims recorded over the 2022-23 financial year. And for the second year in a row, software giant Atlassian is the nation’s top claimant, reporting more than $220 million in… Read more »
Atlassian has made a second major acquisition this month, handing over US$1 billion (A$1.5bn) for developer intelligence platform DX. The deal comes just a fortnight after the Australian software giant spent US$610 million (A$935m) in cash on AI browser startup The Browser Company. US-based DX, founded in 2020, helps engineering organisations measure, understand, and improve… Read more »
When Atlassian announced it was buying a browser company for $1 billion, most people shook their heads. A software company famous for Jira and Confluence, suddenly deciding it needs to own the browser? It sounds insane. But here’s the thing: this is exactly the kind of craziness Australia’s tech sector needs. Why buying a browser… Read more »
Atlassian (NASDAQ: TEAM) is acquiring a US AI-powered browser startup in a deal worth US$610 million (A$935m) in cash. Atlassian cofounder Mike Cannon-Brookes has been a fan of The Browser Company (TBC), and its product Dia, which he calls “the knowledge worker’s browser”, since it was released in mid-2025 in beta mode, sending bug feedback… Read more »
Quarterly revenue of US$1,384m, up 22% Quarterly subscription revenue of $1,313m, up 23% Quarterly operating loss of $28.5m Atlassian president departs Atlassian generated US$5.2 billion in revenue in the 2025 financial year, up 20% on 12 months ago, but two decades of annual losses continue as the business heads into its 24th year. Releasing stronger-than-expected… Read more »
Mistakes happen – at work and everywhere else. Everybody makes them. While it’s easy to spiral into self-loathing when you slip up, a mistake isn’t a sign that you’re unskilled. It simply means you’re human. Here’s the even better news: Your mistake doesn’t have to define you, especially if you find the right way to… Read more »
Share in US-listed Atlassian (Nasdaq: TEAM) are down around 10% over the past week, at one stage dipping below US$190 following a 17% plunge when the Australian workplace software company released its March quarter earnings with another loss alongside longer-than-expected fourth-quarter guidance. Q3 revenue was up 14% on 12 months ago to US$1.4 billion, with… Read more »
Nobody really understands the torment of being a billionaire, especially those very mean people at the AFR. After luxury jet-shaming Mike Cannon-Brookes and outing him as the owner of a Bombardier 7500 – you can pick one up for around $100 million on Facebook marketplace – the Atlassian CEO felt compelled to defend himself on… Read more »
Atlassian will join the likes of Red Bull and biotech company BWT as team sponsor in Formula 1 in a long-term deal with British team Williams Racing. Atlassian Williams Racing will debut in Australia in mid-March with the first race of the 24 round 2025 season. Under the partnership, Atlassian is title partner, technology partner… Read more »
Atlassian ‘s share price is up more than 26% in the first month of 2025, with the software company’s December quarter results thrilling investors as subscription revenue beat forecasts, growing by 30% in 12 months. Cofounder and CEO Mike Cannon-Brookes has effectively seen his personal wealth double in just six months as the tech stock’s… Read more »
Q1 FY25 revenue of US$1.19bn, up 21% Subscription revenue of US$1.13bn, up 33% US$123.8m net loss, up 300% Operating loss of $32m FY25 revenue growth expected at 16.5-17%. $1.5bn share buyback planned Atlassian beat its own revenue growth predictions in the first quarter of the new financial year (Q1, FY25), but its losses also continue… Read more »
In real estate terms, Elaine, the 1863 waterfront mansion in Sydney’s Point Piper, could be described as a bit of a fixer-upper, with plenty of potential. And that’s how Atlassian cofounder Scott Farquhar and his wife, venture capitalist Kim Jackson, saw it when they bought the seven-bedroom Victorian mansion, which once belonged to members of… Read more »
Atlassian has managed to treble its losses in fourth quarter of the 2024 fiscal year, at the same time revenue grew by 20%. The Nasdaq-listed (TEAM) Australian workplace software giant posted a US$196.9 million net loss for the quarter, up from a $59 million loss for the same period last year. Quarterly revenue hit US$1.132… Read more »
Scott Farquhar, the kid from Sydney’s Western suburbs who became a billionaire after responding to an email from fellow uni student Mike Cannon-Brookes about starting a tech company, will step down as co-CEO role at the end of August The father of three sons called time on role after 23 years as Atlassian posted a… Read more »
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