Original article by Yolanda Redrup
The Australian Financial Review – Page: 20 : 31-Jan-20
Workplace collaboration software company Atlassian’s net income is not a true reflection of its profitability. This is due to its use of a debt instrument known as ‘exchangeable senior notes’, and which does not exist in Australia. Investors wanting to get a better idea of Atlassian’s actual profitability are urged to compare its operating income or free cash flow year-to-year. Company co-founder Mike Cannon-Brookes has previously observed that Australian investors tend to overvalue profits and undervalue growth.
ATLASSIAN CORPORATION PLC