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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.

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