'Solid quarter' sees Atlassian lose $6.6 million

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'Solid quarter' sees Atlassian lose $6.6 million
Atlasssian founders Farquhar and Cannon-Brookes.

Expenses continue to rise.

US-listed collaboration and productivity software house Atlassian has reported a widening operating income loss for the third quarter of its current fiscal year.

Atlassian booked a US$4.9 million (A$6.6 million) operating loss for the third quarter of 2016, up substantially from the US$1.5 million operating loss recorded in its third quarter of 2015.

A 40 percent rise in revenue to US$117.9 million was offset by large increases in expenses for research and development, marketing and sales, and general costs, the company said.

Despite the loss, Atlassian co-founder Scott Farquhar said the figures represented "another solid quarter" for Atlassian.

He cited growth in its total number of active subscription and maintenance agreement customers to over 57,000, up 26 percent over the same quarter in 2015.

For the 2016 fiscal year, Atlassian expects to bring in between US$452 to US$454 million in revenue, and make a net loss per diluted share of one US cent on an IFRS basis. 

Today's results are the second quarterly figures the company has reported since listing on the NASDAQ in December 2015.

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