Shares in Australian workplace software company Atlassian have tumbled nearly 10 per cent in after-hours trading in the US after the company underwhelmed investors with its outlook for the rest of the fiscal year.
The company posted a quarterly loss of $US203 million, or $US0.85 a share. However, that includes a $US173 million non-cash charge relating to convertible notes the company issued, which had increased in value due to its rising share price.Once that charge, and share-based compensation to employees are taken into account, Atlassian posted a quarterly profit of $US52.4 million, which was better than analyst expectations.
That fell short of consensus expectations for full-year earnings of $US0.92 a share, according to S&P Capital IQ.
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