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Aussie Tech finds success in offshore markets

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Aussie Tech finds success in offshore markets

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  1. AUSSIE TECH FINDS SUCCESS IN OFFSHORE MARKETS

  2. Atlassian Inc. (NASDAQ: TEAM) is a Sydney-based tech company that develops and sells cloud-based collaboration software for teams of all sizes. It was founded by two classmates from The University of New South Wales in 2002. 

  3. The company’s decision to bypass the ASX and list on the US’s NASDAQ caused some confusion at the time, but the decision stands to be vital for the company’s success as it has provided greater exposure for the tech company

  4. Since its IPO, the share price has more than doubled, and its market cap currently exceeds $US 13bn – making its co-founders, International Share Broker Michael Cannon and Scott Farquhar, the 499th and 500th richest people on the planet. 

  5. Atlassian is growing but has plenty of opportunities left. In the most recent financial report, its revenue grew 43% to $US 212.6 million in one quarter beating analyst expectations. 

  6. THANK YOU

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