Atlassian Corporation

Halal Rating :
Comfortable
Last Price $313
Market Cap $82.34b
1D Change

-2.14 %

1 Year Change

50.17 %

Next Earnings Date

Yet to be announced

Company Overview

Atlassian Corporation is a global software company that develops products for software developers, project managers, and other software development teams. Their flagship products include Jira (project and issue tracking software), Confluence (team collaboration and documentation), Trello (project management), and Bitbucket (code repository hosting).

The company provides tools that help teams organize, discuss, and complete their work. Their business model is primarily based on software subscriptions and licensing fees.

Revenue Sources

Pass

Based on SEC filings and company reports, Atlassian's revenue is primarily derived from software subscriptions, maintenance, and technical support services. These core business activities are halal as they involve the exchange of legitimate products and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Dec. 31, 2024 $1.29b $1.35b - $7.29m 0.00% 0.54%
Sept. 30, 2024 $1.19b $1.23b - $7.32m 0.00% 0.60%
June 30, 2024 $1.13b $1.21b - $7.65m 0.00% 0.63%
March 31, 2024 $1.19b $1.18b - $8.45m 0.00% 0.72%

Analysis of the last four quarters shows that interest expenses represent a very small portion of total expenses. Interest expense ratios for the past four quarters have consistently remained well below the 5% threshold of total expenses, indicating that interest is not material to the company's operations.

Operational Ethics

Pass

After reviewing available information, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company maintains development centers in various locations including the US, Australia, India, and other countries, but no current material ties to Israel or the Chinese Communist Party were identified.

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