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Atlassian, the Last Good Tech IPO of 2015, Tops Analyst Estimates

The company reported 45 percent year-over-year revenue growth.

Atlassian

Business software maker Atlassian, which went public to much fanfare in December, reported $109 million in revenue in the final three months of 2015, and profit of 11 cents per share. Analysts were expecting around $103 million and four cents per share.

The company estimates between $113 million and $115 million in revenue for the current quarter and between five and six cents of profit per share. Analysts were anticipating guidance of $107 million and three cents per share for the quarter. For the full fiscal year ending June 30, Atlassian projects revenue in the range of $443 million to $447 million, with earnings per share between 30 and 31 cents, beating analyst estimates of $425 million and 19 cents a share.

All in all, Atlassian’s numbers from this quarter show 45 percent growth from the same quarter last year.

Last week, Atlassian announced that it had hired Sri Viswanath away from Groupon as its new CTO.

The company went public with a 32 percent IPO spike to $28 in December. Atlassian, like other tech companies, has suffered as the market has gone south in the last month, and its stock is currently trading at around $23.

[graphiq id=”6hTi0PlWEPb” title=”Atlassian Inc. (TEAM) Stock Price” width=”640″ height=”480″ url=”https://w.graphiq.com/w/6hTi0PlWEPb” link=”http://listings.findthecompany.com/l/14240602/Atlassian-Inc-in-San-Francisco-CA” link_text=”Atlassian Inc. (TEAM) Stock Price | FindTheCompany”]

This article originally appeared on Recode.net.

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