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Fly News Breaks for September 13, 2019
TEAM
Sep 13, 2019 | 08:43 EDT
On September 3, Atlassian started notifying customers that it was increasing pricing on its cloud, server, and data center products effective October 3, William Blair analyst Bhavan Suri tells investors in a research note. Larger customers generally saw a greater price increase than smaller customers as Atlassian looked to reduce the impact of volume discounts, adds the analyst. He says the price increases are more drastic and broader than he expected. And despite the increases, Atlassian still remains a price leader in the market with quality software, contends Suri. The analyst, who notes the price increases are already baked into guidance, keeps an Outperform rating on Atlassian.
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