Atlassian Corporation

Good afternoon, and thank you for joining Atlassian's earnings conference call for the fourth quarter in fiscal year 2023. As a reminder, this conference call is being recorded and will be available for replay from the investor relations section of Atlassian's website following this call. I will now hand the call over to Martin Lamb, Atlassian's head of investor relations.

Welcome to Atlassian's fourth quarter in fiscal year 2023 earnings call. Thank you for joining us today. Joining me on the call today, we have Atlassian's co-founders and co-CEOs, Scott Farquhar and Mike Cannon-Brooks, our Chief Revenue Officer, Cameron Deesh, and Chief Financial Officer, Joe Binns. Earlier today, we published a shareholder letter and press release with our financial results and commentary for our fourth quarter fiscal year 2023. The shareholder letter is available on Atlassian's work-life blog and the investor relations section of our website, where you will also find our other earnings-related materials, including the earnings press release, and supplemental investor data sheet. As always, our shareholder letter contains management's insight and commentary for the quarter, so during the call today, we'll have brief opening remarks and then focus our time on Q&A. This call will include forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made, and we undertake no obligations to update or revise such statements should they change or cease to be current. Further information on these and other factors that could affect our financial results is included in filings we make with the Securities and Exchange Commission from time to time, including the section titled Risk Factors in our most recently filed annual and quarterly reports. During the call today, we will also discuss non-GAAP financial measures. These non-GAAP financial measures are in addition to and are not a substitute for or superior to measures of financial performance prepared in accordance with GAAP. A reconciliation between GAAP and non-GAAP financial measures is available in our shareholder letter, earnings release, and investor data sheet on the IR website. Please keep in mind that we'd like to allow as many of you to participate in Q&A as possible. To facilitate that, we'll take one question at a time. Please rejoin the queue if you have another question or follow-up, and we'll do our best to come back to you later in the session. With that, I'll turn the call over to Mike for opening remarks.

Thank you all for joining us today. As you've already read in our shareholder letter, we delivered a strong quarter of financial results. We closed out FY23 with great momentum in cloud migrations, in enterprise, and across all our three markets. We generated over 3.5 billion in revenue this year, and over 250,000 customers now power their collaboration on our world-class cloud platform. Amidst the challenging year, we're extremely proud of all that we've accomplished. We said we'd play offense in FY23, and that's exactly what we did. We migrated millions of users to our world-class cloud platform. We built game-changing innovations such as Atlassian Intelligence, launched new products like Jira Product Discovery, delivered increased scale on our cloud platform, and unlocked data residency in new locations like Germany and Singapore for our global customer base. Working deeply with our customers, we're more and more excited about the value Atlassian Intelligence will deliver. By leveraging the latest advancements in large language models, combined with each customer's unique data and our world-class cloud platform, with our two decades of data-driven insights into how teams work, we'll be able to further unleash each of our customers' potentials across all our three markets. Today, we're seeing our bets pay off, and that's strengthening our conviction in our strategy. As we enter FY24, we're eager to get after those large opportunities and believe we're well-positioned to come out of the year even stronger. With that, I'll pass the call to the operator for Q&A.