Wednesday, April 8, 2020

Buying Atlassian (TEAM) @$138.82

Atlassian sells collaboration software platforms for project management, communication, and content creation — helping teams work better together.

I lopve big tech companies that most people haven't heard of. It turns out collaboration software is a big thing and Altassian is the big leader in the space.
Market cap - $40B
I like the SaaS model.
Atlassian added 6,000 new customers in the quarter.
Total customers - 170,000
Revenue growth strong 33-39% year over year
Posetive cash flow and no debt.

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