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Fly News Breaks for April 20, 2018
TEAM
Apr 20, 2018 | 05:36 EDT
Atlassian last night exceeded Q3 expectations, though by a lesser magnitude than recent periods, and guided Q4 revenue in line with the Street, Jefferies analyst John DiFucci tells investors in a research note. He points out, however, that the company's recent pricing changes incented customers to pull forward renewals, providing a temporary tailwind to billings in the first half of 2018 that diminished this quarter. Nevertheless, DiFucci, who recently downgraded Atlassian to Hold on valuation, believes the company's business remains strong.
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