$TEAM (Atlassian) — 8-K: Atlassian Q1 revenue $1,772 million, up 24% year-over-year, cloud up 31%

Total revenue rose to $1,772 million from $1,433 million a year earlier. GAAP operating margin was 11% versus negative 7%, and non-GAAP operating margin was 32% versus 23%. Net income per diluted share was $0.35 GAAP and $1.65 non-GAAP, compared with a net loss per diluted share of $0.20 GAAP and net income per diluted share of $1.04 non-GAAP in the prior-year quarter. Subscription ARR was $6,812 million, up 23%, and remaining performance obligations were $4,746 million, up 44%. Free cash flow was $463 million.

Total revenue rose to $1,772 million from $1,433 million a year earlier. GAAP operating margin was 11% versus negative 7%, and non-GAAP operating margin was 32% versus 23%. Net income per diluted shar