Australian software development and collaboration tools provider Atlassian has released financial results for its third quarter of fiscal year 2022 ended 31 March 2022, reportiing a net loss of $31.1 million and net income of $159.8 million.
Australian software development and collaboration tools provider Atlassian has blamed a long-running outage across its products on a communications gap between its teams and a faulty script, adding that about 45% of those affected were back and running, with complete resolution of the problem expected to take another two weeks.
Australia-founded but Nasdaq-listed collaboration software provider Atlassian has reported its results for the quarter ended 31 December 2021. Revenue increased 37% year-on-year, but the company lost US$77.5 million ($110.2 million).
Australia could hardly claim to be known for its prowess in the semiconductor sector, yet a Sydney company claims leadership in one niche: development of the smallest, fastest and lowest power Wi-FI HaLow chip with the longest range.
Australians may not have learnt much from the on-again, off-again election campaign that began on 11 April, but one thing has been made abundantly clear: the technology sector in this country is made up of wimps who are afraid to make anything, even an encryption law which they claim could destroy their industry, into an election issue.
The Australian Labor Party has pledged to hold an inquiry that looks into the economic impacts of the Federal Government's encryption law after the Parliamentary Joint Committee on Intelligence and Security completes its ongoing review and submits a report on 3 April.
Brisbane-headquartered Internet of Things vendor MOVUS has secured $4.8 million in Series A funding to be used for growing its business in international markets.
Australia’s start-ups have had a record year in the 2017 financial year, with the industry raising a record $1.32 billion in venture capital and predicted to have the potential to contribute as much as $170 million to the economy by 2020.
Atlassian, the Australian software company set to list in the US for US$3 billion before the end of this year, is now splitting its flagship product into three separate products.
Atlassian has appointed Erik Bardman as its chief financial officer.
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