Atlassian shows as you transition clients to cloud, you take the initial hits then once the transition is over
revenue will surge and it keep surging and it is sticky. We are nearly there with the transition, another year to go
Atlassian today reported that cloud revenue in the three months ended June 30 rose 30 per cent to $US563.2 million from $US433.9 million in the year-ago period.
Atlassian is optimistic about demand for cloud services through the fiscal year, forecasting that cloud revenue growth year-over-year is expected to be in the range of 25 per cent to 30 per cent
Ann: Business Transformation and Q4 2024 Free Cashflow, page-15
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