Re:Atlassian files for IPO
by andrewcamel on Monday November 09, 2015 @01:27PM
(#10534782)
Doesn't the R&D ramp look a bit unusual? 57 -> 79 -> 141? Totally destroys their margins, right in the year when they must know they're going public?
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Re:Atlassian files for IPO
by Nicholas_C on Monday November 09, 2015 @02:02PM
(#10535033)
As a percent of revenue the R&D increase doesn't look as crazy.
R&D as % of Revenue by year:
2013 39%
2014 37%
2015 44%
The marketing and sales expense goes from 13% to 21% of revenue in 2015
The growth in these line items really compress their margins in 2015.