Exam Code: ACP-100 Practice test 2023 by Killexams.com team
ACP-100 Jira Administrator

Jira Administrators manage, customize, and configure Jira from within the Jira user interface. ACP Certification in Jira Administration covers the skills needed to optimize Jira for any development or business team.

- You have 2-3 years of experience administering Jira.
- You understand the specifics of Jira Server. (Cloud-specific material is no longer covered in the test except at a high level when comparing Cloud, Server and Data Center to meet a company's needs.)
- You can interpret and translate business requirements to Jira.
- You can keep Jira healthy because you grasp how your choices affect Jira's performance, scalability, and day-to-day manageability.
- Youre a guru when it comes to workflows, schemes, and other features available through Jira.
- You know how to take advantage of Atlassian resources and community to help your team implement best practices within Jira.

Advanced User Features (5-10% of exam)
Given a business requirement, create, translate, critique, and optimize JQL queries.
Demonstrate the benefits and best practices for configuring group subscriptions.
Describe the results and implications of a bulk change operation.
Describe the pre-requisites for and the results of a CSV import.
Configuring Global Settings, Layout, Design, and User Communications (5-10% of exam)
Modify Jira configuration settings to match the organization's requirements (look and feel, logo, website links in the application navigator, default language).
Judge the appropriate content for the system dashboard, user/team dashboards, and filter columns for an organization.
Determine appropriate methods for communicating information to users.
Determine which global settings to modify to meet provided business requirements (attachment options, issue links, time tracking, subtasks, white list, general configuration).
Application and Project Access and Permissions (15-25% of
Determine the appropriate use of application access, groups, roles and permissions.
Identify and troubleshoot user settings, user profiles and permissions.
Given a scenario, recommend the appropriate configuration of user and project permissions, roles and group membership.
Given a scenario, determine the impact of deleting/deactivating a user/group.
Determine if and how issue-level security should be configured in a project.
General project configuration (10-15% of exam)
Describe the appropriate use of general project settings (key, category etc.).
Determine whether to modify an existing project, and/or create a new project to meet business requirements.
Determine whether to use an existing project template, and/or modify project schemes to meet business requirements.
Describe the appropriate use of components and versions.
Determine which project activities should be delegated to the project administrators.
Authentication and Security (5-10% of exam)
Evaluate the appropriate method of authentication and sign-up.
Determine the appropriate password policy to be applied.
Assess whether or not Jira is appropriately secured.
Issue types, fields and screens (10-20% of exam)
Given a scenario, identify and implement appropriate changes to built-in fields including statuses, resolutions, priorities, translations, and issue types.
Identify the appropriate issue type configurations to satisfy business requirements.
Given a scenario, determine the effects of modifying and restructuring active issue types and schemes.
Determine the correct configuration of a field, considering field context, field configuration (scheme) and screens (schemes).
Troubleshoot the correct configuration of a field, considering field context, field configuration (scheme) and Workflows (5-15% of exam)
Describe core workflow functionality (triggers, conditions, validators, postfunctions, events, properties) and map workflows to issue types.
Given business requirements, create new workflows and/or implement appropriate changes to existing workflows and schemes.
Given a scenario, troubleshoot workflow configurations.
Setting up Notifications and Email (5-10% of exam)
Determine an appropriate notification scheme/configuration including events.
Troubleshoot a notification scheme/configuration including events.
Identify and troubleshoot the appropriate configuration of an Incoming Mail Handler.
Jira Server Administration (10-15% of exam)
Recognize the benefits of having production and non-production instances.
Given a scenario, recommend whether or not to upgrade and determine the effects of roll-back.
Evaluate the need for re-indexing following a set of modifications, and explain the effects of re-indexing.
Troubleshoot application-level problems with Jira (logging and profiling) and escalate when appropriate.
Identify and troubleshoot the appropriate configuration of an outgoing email server.
Given a workflow, describe which attributes will and will not be imported/exported.
Given a scenario, assess the impact of user directory order and configuration.
Administering and Extending Jira (3-10% of exam)
Compare and contrast the different hosting options of Jira.
Demonstrate how to appropriately configure issue collectors.
Demonstrate how to appropriately use the features of the universal plug-in

Jira Administrator
Atlassian Administrator guide
Killexams : Atlassian Administrator guide - BingNews https://killexams.com/pass4sure/exam-detail/ACP-100 Search results Killexams : Atlassian Administrator guide - BingNews https://killexams.com/pass4sure/exam-detail/ACP-100 https://killexams.com/exam_list/Atlassian Killexams : A guide to Atlassian’s ecosystem

CodeBarrel: Code Barrel specializes in creating add-ons for Atlassian products.  We have over 40 years combined experience in working on Atlassian products and Agile software development. We believe that great software is found at the intersection of design and engineering. The company created Automation for Jira, winner of Atlassian Codegeist 2016, which makes it simple to combine triggers, conditions and actions to handle even the most complex scenarios. There is no more need to install many different add-ons, figure out Jira’s API or learn how to write custom scripts.

Tasktop: Tasktop enables Atlassian Jira to remain dedicated to supporting the way Agile Development teams track workflow. Instead of bloating Jira with additional functionality, Tasktop integrates Jira with other best-of-breed specialist tools for planning, building and delivering software. By automatically flowing product-critical information (epics, stories, defects etc.) between roles in the software value stream in real-time, Tasktop enables precise configuration of what flows in and out of Jira, meaning the productivity powers of Jira are felt end-to-end.

TechExcel: DevTest provides total control of every aspect of your testing process from test case creation, planning and execution through defect submission and resolution, DevTest manages the complete quality lifecycle. Implement quality processes earlier in the development lifecycle to manage shorter deadlines, address complex contemporary testing challenges, and Improve your deliverable software.  DevTest supports multiple test interface options including a matrix-based test interface specifically designed for game and multi-platform testing. Best of all, DevTest crunches the numbers for you while your team is testing, providing built-in, dynamic test analysis without having to break out the spreadsheets.

Related content: How Atlassian is carrying the developer world

Adaptavist: Adaptavist helps the world’s most complex enterprises optimize their application lifecycle. The company is the provider of Atlassian professional services, managed services, training, and Marketplace apps. Adaptavist offers some of the most popular apps in the Atlassian marketplace, including more than half of the Fortune 500. ScriptRunner for Jira, Test Management for Jira, and Project Configurator are just a few of the road-tested, premium apps offered across the Atlassian stack. A full list of Adaptavist apps is displayed on the Atlassian Marketplace website.

BigPanda: Big Panda has an IT Operations teams that maintain applications and infrastructure that are more complex and fragmented than ever, and change just as frequently. To track everything, the average IT stack now consists of 6-8 monitoring tools. Unfortunately, the alerts generated by these monitoring tools are very noisy and can easily overwhelm your JIRA queue with hundreds or thousands of low level and repetitive issues. That leaves IT Ops teams struggling to detect and resolve critical incidents in a timely manner, resulting in outages, missed SLAs, and angry customers. BigPanda for JIRA and HipChat solves the noisy alert problem by automatically correlating IT alerts and events to provide visibility into what’s really going on at a faster pace.

Black Duck Software: Black Duck collaborated with Atlassian to help companies build software agilely and securely by integrating Black Duck Hub with the processes and tools software development teams already use at every step of the DevOps pipeline. Continuous delivery and open source are changing the face of software development. Teams are building and releasing at a faster pace and are relying on open source to build applications smarter.

DataDog: Datadog extends Atlassian’s tools by connecting them to your critical infrastructure and applications. You can easily overlay code changes in BitBucket on performance metrics in Datadog to more clearly understand the impact of application changes. Or have more informed technical discussions in HipChat or Stride by instantly sending graphs from Datadog. And finally, you can prioritize your next steps using Datadog to create Jira tasks from metric-triggered events.”

Dynatrace: Dynatrace directly connects monitoring data into the Atlassian DevOps tool chain to empower pipeline contributors to make better decisions at the right time based on real time performance and end user data. From Dev to Ops, Dynatrace acts as a quality gate in delivery pipelines (Bamboo, Bitbucket); gives real time performance and user behavior feedback back to epics, stories, change requests and support tickets (JIRA, JIRA Service Desk, Trello); and optimizes triage through ChatOps (HipChat, Stride).

LaunchDarkly: The management platform enables organizations to reduce risk while delivering value. Feature flagging is a best practice in modern application development to separate code deployments from feature releases. LaunchDarkly provides management of the entire feature lifecycle—full visibility of your features, who controls them, who uses them, and who changes them. LaunchDarkly integrates with JIRA providing users visibility of the current state of a feature in the release process alongside your JIRA ticket.

Lucidchart: Harness the power of collaborative visual communication within the Atlassian apps you already use to save time and increase productivity. With Lucidchart, teams can insert diagrams into Confluence, Jira Software, and Hipchat that clarify ideas, information, and processes. In Bitbucket, teams can generate easy-to-reference UML class diagrams from code in their repository. Whether you need to create process flows, ER diagrams, or org charts, it’s easy to work visually in Lucidchart.

InVision: InVision for Jira allows you to bring your design workflow right into Jira to supply every issue instant context with always up-to-date design access. InVision for Confluence allows you to Bring your projects into Confluence, view what you’re building and enhance collaboration team-wide.

PagerDuty: ChatOps extensions with Stride and HipChat bring speed, productivity and efficiency to modern-day DevOps teams managing incidents. Additionally, bi-directional integrations with JIRA Software and Server empower teams to automate the escalation of high-priority JIRA issues for faster resolution, as well as create follow-up work in JIRA to learn and prevent future issues.

Perforce: For teams that use Atlassian’s Jira for issue tracking but need more coverage of their workflow, Helix ALM offers a simple answer. It’s a modular solution — with requirements management, issue management, and test case management capabilities — that integrates with Jira to cover the rest of the product development workflow. With Helix ALM and Jira, you need only two tools, not multiple plugins, to manage and link all the artifacts a product generates.

QA Symphony: The platform provides Agile teams with a suite of software testing tools to Improve speed, efficiency, and collaboration throughout the software testing lifecycle. For example, qTest Pluse is a continuous testing solution that is designed for teams practicing DevOps to deliver quality at every step in the process. qTest Scenario for Jira is a free add-on to allow teams to optimize and scale the Test-First approach across the enterprise.

SmartBear: SmartBear provides frictionless tools and integrations, including Atlassian JIRA. With Collaborator, developers directly link code reviews to JIRA tickets. With TestComplete and Ready API, reporting a bug is fast and painless. Open source and commercial tools are available for free trial – start to power continuous testing efforts today.

Splunk: Atlassian and Splunk work closely together to enable joint customers to tackle IT, Security and DevOps challenges through product integrations, including Hipchat, Bamboo, Jira Software and Jira Service Desk.  For example, Dominos, an Atlassian and Splunk joint customer, uses the Splunk App for Jira and Splunk ITSI to track trends across Jira projects and protect the security health of their codebase.

Tricentis: Exploratory Testing for Jira allows teams to plan and timebox sessions, write charters, define objectives, invite team members, and add artifacts directly from a Jira environment. QA, developers, UX specialists, technical writers, product owners, business analysts, etc. can all be invited to participate, and start then testing with a single click. Session owners gain quick overviews of results and progress, while testers get instant access to all the details required for testing.

VictorOps: VictorOps supports Confluence (Runbooks), Jira (Issue Tracking and Status), Jira ServiceDesk (ITSM integration), Hipchat (Collaboration), StatusPage (Incident Status), and Bamboo (Release and Integration Awareness).

XMatters: XMatters accelerates business processes through intelligent communication and smart automation within key DevOps processes, fundamentally altering the way business units work together. The XMatters-Jira Service Desk delivers capabilities which eliminate the need for manual tasks for IT and customer support teams to resolve issues. It is a rapid, automated communication with the correct on-call resources. The integration with Atlassian JIRA service Desk allows IT teams to connect with key support escalations.

Zephyr: Zephyr offers metrics-based visibility via real-time dashboards into the quality and status of software projects. Customers experience improved productivity. Zephyr for Jira provides a full featured and sophisticated test management solution – all inside Jira. Capture for Jira provides visual feedback and testing tool for all teams.

Related content: How does your tooling expand and enhance the Atlassian ecosystem?

Wed, 01 Feb 2023 09:59:00 -0600 en-US text/html https://sdtimes.com/agile/guide-atlassians-ecosystem/
Killexams : Atlassian: Leaked Data Stolen via Third-Party App

Ed. note: This story has been updated to include a statement from Envoy provided to Dark memorizing about the incident.

A threat group called SiegedSec recently posted a cache of employee and operations information allegedly stolen from software workforce collaboration tool provider Atlassian.

Now Atlassian, best known for its Trello, Jira, and Confluence brands, is reassuring its customers their data is secure, and according to reports, explained that a third-party app was breached, compromising employee data including names, emails, departments, and floor plans of segments of Atlassian offices located in San Francisco, Calif., and Sydney, Australia.

"Both Envoy and Atlassian security teams have been collaborating to identify the source of the data compromise," an Envoy spokesperson tells Dark Reading. "We found evidence in the logs of requests that confirms the hackers obtained valid user credentials from an Atlassian employee account and used that access to download the affected data from Envoy’s app. We can confirm Envoy’s systems were not compromised or breached and no other customer’s data was accessed."

The company statement added that there is an ongoing investigation into the breach.

Envoy says the breach likely occurred due to the threat actor gaining access to employee credentials.

"We’re investigating this right now and are not aware of any compromise to our systems,” an Envoy spokesperson said in a statement emailed provided to Dark Reading. “Our initial research shows that a hacker gained access to an Atlassian employee's valid credentials to pivot and access the Atlassian employee directory and office floor plans held within Envoy’s app.”

Keep up with the latest cybersecurity threats, newly-discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.

Thu, 16 Feb 2023 12:23:00 -0600 en text/html https://www.darkreading.com/endpoint/leaked-atlassian-data-stolen-from-third-party-app-company-says-
Killexams : Atlassian and Envoy briefly blame each other for data breach

Australian software giant Atlassian and Envoy, a startup that provides workplace management services, were at loggerheads on Thursday over a data breach that exposed the data of thousands of Atlassian employees.

As first reported by Cyberscoop, a hacking group known as SiegedSec leaked data on Telegram this week that it claimed to have stolen from Atlassian. This data includes the names, email addresses, work departments and phone numbers of approximately 13,200 Atlassian employees, along with floor plans of Atlassian offices located in San Francisco and Sydney, Australia.

“SiegedSec is here to announce that we have hacked the software company Atlassian,” SiegedSec said in a Telegram message seen by TechCrunch. “This company worth $44 billion has been pwned by the furry hackers uwu.” SiegedSec made headlines last year after it leaked eight gigabytes of data from the state governments of Kentucky and Arkansas, in protest at the states’ efforts to enact abortion bans following the Supreme Court’s decision to overturn Roe v. Wade.

Atlassian was quick to point the finger of blame for the breach at Envoy, which the Sydney-headquartered company uses to organize its office spaces. “On February 15, 2023, we learned that data from Envoy, a third-party app that Atlassian uses to coordinate in-office resources, was compromised and published,” Atlassian spokesperson Megan Sutton said in a statement shared with TechCrunch. “Atlassian product and customer data is not accessible via the Envoy app and therefore not at risk.”

Envoy, however, was just as quick to rebuff Atlassian’s claims. Envoy spokesperson April Marks told TechCrunch that the startup is “not aware of any compromise to our systems,” adding that initial research had shown that “a hacker gained access to an Atlassian employee’s valid credentials to pivot and access the Atlassian employee directory and office floor plans held within Envoy’s app.”

Soon after the startup’s denial, Atlassian changed its stance to align more closely with Envoy. Atlassian’s Sutton told TechCrunch that the company’s internal investigation since revealed that attackers had actually compromised Atlassian data from the Envoy app “using an Atlassian employee’s credentials that had been mistakenly posted in a public repository by the employee.”

“As such, the hacking group had access to data visible via the employee account which included the published office floor plans and public Envoy profiles of other Atlassian employees and contractors,” Sutton added. “The compromised employee’s account was promptly disabled eliminating any further threat to Atlassian’s Envoy data. Atlassian product and customer data is not accessible via the Envoy app and therefore not at risk.”

Envoy initially declined to answer our specific questions, but on Friday, the company’s spokesperson provided an update, ruling out a breach on its end.

“We found evidence in the logs of requests that confirms the hackers obtained valid user credentials from an Atlassian employee account and used that access to download the affected data from Envoy’s app,” said Envoy’s Marks.

While it appears that Envoy was not at fault for the Atlassian data breach, the workplace management startup — which counts a number of big-name customers, including Hulu, Pinterest, Slack and Stripe — is no stranger to security incidents. In 2019, security researchers at IBM uncovered two flaws in Envoy’s visitor management system that could have exposed customer data.

Updated with Envoy comment.

Fri, 17 Feb 2023 00:42:00 -0600 en-US text/html https://techcrunch.com/2023/02/17/atlassian-and-envoy-briefly-blame-each-other-for-data-breach/
Killexams : Atlassian confirms employee data stolen, leaked via third-party Envoy account

Note: This story and headline have been updated on 2/16/2023 and 2/17/2023 following new information and statements from both Atlassian and Envoy.

Australian software company Atlassian confirmed that employee data has been leaked on the web through an account they use on a third-party application. While independent researchers at cybersecurity firm Check Point have backed up claims that the data does not appear to have come from Atlassian's systems, the makers behind the app say an Atlassian employee's compromised credentials are to blame.

In a statement sent to SC Media, an Atlassian spokesperson said the leak appears to have originated via their acount with Envoy, which makes and sells workplace collaboration software.

“On February 15, 2023 we learned that data from Envoy, a third-party app that Atlassian uses to coordinate in-office resources, was compromised and published. Atlassian product and customer data is not accessible via the Envoy app and therefore not at risk,” the spokesperson told SC Media. “The safety of Atlassians is our priority, and we worked quickly to enhance physical security across our offices globally. We are actively investigating this incident and will continue to provide updates to employees as we learn more.”

After SC Media reached out to Envoy for comment, a spokesperson sent a statement saying the company is not aware of any evidence that their systems were breached, claiming their own research indicates the incident stemmed from a compromise of an Atlassian employee's credentials.

"We’re investigating this right now and are not aware of any compromise to our systems. Our initial research shows that a hacker gained access to an Atlassian employee's valid credentials to pivot and access the Atlassian employee directory and office floor plans held within Envoy’s app," the spokesperson wrote.

In an update Friday, an Envoy representative told SC Media they found log evidence of requests confirming that hackers obtained valid user credentials from an Atlassian employee account and used that access to download the affected data from Envoy’s app. The representative also claimed no other customer data was stolen.

An Atlassian's representative also reached out to confirm that the leak began with compromised credentials.

"We learned the hacking group compromised Atlassian data from the Envoy app using an Atlassian employee’s credentials that had been mistakenly posted in a public repository by the employee. As such, the hacking group had access to data visible via the employee account which included the published office floor plans and public Envoy profiles of other Atlassian employees and contractors," the spokesperson wrote. "The compromised employee’s account was promptly disabled early in the investigation which was proven effective in eliminating any further threat to Atlassian’s Envoy data. Atlassian product and customer data is not accessible via the Envoy app and therefore not at risk."

Earlier this week, a hacking group calling itself “SiegedSec” began posting on Telegram that they had compromised Atlassian's network and leaked employee data in a Valentine’s Day-themed note, claiming to have obtained email addresses, phone numbers, and names of employees as well as “a lot more!”

“SiegedSec is here to announce we have hacked the software company Atlassian,” the hackers wrote, according to a screenshot obtained by SC Media. “This company worth $44 billion has been pwned by the furry hackers uwu…We are leaking thousands of employee records as well as a few building floorplans. These employee records contain email addresses, phone numbers, names and lots more!”

However, independent researchers corroborated some of Atlassian’s claims, including their core contention that the data leaked online does not appear to have been taken directly from Atlassian systems.

Check Point researchers told SC Media the files and blueprints involved are consistent with the type of third-party data that Envoy would have stored and were stamped with Envoy’s logo. Lending further credence to the idea, despite claiming to have hacked directly into Atlassian’s systems, SiegedSec did not leak any other types of data.

The data leaked does not appear to be particularly valuable, and researchers at Check Point said it's not clear whether SiegedSec's motivations are financial, self-promotional or simply to cause chaos.

Thu, 16 Feb 2023 21:49:00 -0600 en text/html https://www.scmagazine.com/news/breach/atlassian-confirms-breach-of-third-party-app-resulted-in-leak-of-employee-data
Killexams : Atlassian’s Jira Product Discovery is now open to all

Atlassian today announced that Jira Product Discovery, its tool for helping engineering and business teams prioritize and collaborate on new product ideas, is now in open beta, with general availability expected in the next three months. The company made the announcement at its Unleashed event in Berlin. Atlassian also announced that it will provide free access to Jira Work Management to all Jira Software customers until March 2024, in addition to a new set of customer-designed templates for using the entire suite of Jira products, which now include Jira Software, Jira Work Management, Jira Product Discovery and Jira Service Management.

Correction: Due to a misunderstanding, we previously said that the product was now generally available. Instead, it is now in open beta.

“Most software teams already have really good and efficient processes in place for building code, the delivery stage and the operation stage of software development. And we can really thank the widespread adoption of Agile and DevOps and, of course, the number one software development tool, Jira Software, for that. But in the discovery phase, it’s a bit of a mess, it’s a lack of structure, it’s not clear what’s going on,” Megan Cook, Atlassian’s head of product for its agile solutions, told me. She noted that figuring out that in many companies, when teams try to decide which new product features to build, the process can often feel like it’s happening in a vacuum or that it’s the loudest voice that gets to decide. Instead, those decisions should be outcome-driven — and that’s where Jira Product Discovery comes in.

Image Credits: Atlassian

Atlassian first announced this new service in 2021. Like Jira Work Management, it was incubated as part of the company’s Point A program, which brings together customers and Atlassian product development teams to better understand and address their needs.

“We found that three-quarters of product managers today they struggled to determine the true value of their product for their customers, and we really wanted to help with that,” said Cook. “They tend to use things like spreadsheets, mental notes, backlog — a lot of them told me about using email, you can imagine how terrible that would be. They’re totally disconnected from where software is planned, tracked and built. And then because it’s spread out like this, there ends up being no single location for this discovery phase.”

Image Credits: Atlassian

The idea here is to help teams capture ideas and feedback, provide them with tools to prioritize these ideas and engage with stakeholders to get these into the development pipeline. There is also a browser extension that makes it easier for users to bring in user feedback from across the web and, unsurprisingly, there is a deep integration with Jira Software to help teams keep their product plans in sync.

In practice, this means users will get tools to vote for ideas, talk about them and rate them according to their risk, impact, effort and other metrics. Jira Product Discovery also features a number of visualizations that can then help teams better understand the trade-offs between the impact of a given choice and the effort it’ll take to build a given feature, for example.

Image Credits: Atlassian

As for the free access to Jira Work Management for the next year, which until the launch of Product Discovery was the newest Jira version in Atlassian’s stable, the company noted that about 43,000 Atlassian customer already use Jira Software and Jira Work Management together.

“We’ve seen a lot of the benefits that having those teams working really well side-by-side can have,” Cook explained. “We know that this is a touch economic climate and it’s great just to be able to supply back and spread those practices to our customers.”

Lastly, the new customer-designed Jira templates may not, at first, sound like a big deal, but they do look like an interesting way for Atlassian to get potential Jira customers to understand the overall value proposition of the entire Jira suite. Some of the companies that have put their names on these are UserTesting, Lumen and Code.org.

Wed, 08 Feb 2023 22:30:00 -0600 en-US text/html https://techcrunch.com/2023/02/09/atlassians-jira-product-discovery-is-now-generally-available/
Killexams : Where Will Atlassian Be in 1 Year?

Atlassian (TEAM -3.49%) shareholders are likely anxious to get a fresh start in this new year. Shares of the Australian software provider dropped more than 75% at one point during the bear market as investors turned negative on money-losing tech stocks.

The stock has made a modest comeback since its November lows, but it may be too early to tell whether the move in the SaaS stock was a bear market rally or the beginning of a recovery. That uncertainty leads to questions about what will happen to Atlassian stock over the next 12 months.

Let's take a closer look.

The state of Atlassian

Investors may be more familiar with the company's software than Atlassian itself. Products such as Jira, Confluence, and Trello have made the software giant a leader in the enterprise software space.

Admittedly, enterprise software is a competitive business. Its products place it in competition with Microsoft, ServiceNow, Broadcom, and many others. Nonetheless, those companies tend to specialize in software that serves specific types of businesses. Atlassian is different. Its software packages can manage a variety of business issues, ranging from delivering medical services to delivering pizza.

These capabilities have helped take its customer count above 200,000. The company also boasts more than 4 million community members and over 5,000 apps on its marketplace.

But like numerous tech stocks, it saw the stock gains from the 2020-2021 bull run evaporate entirely by the end of 2022. Moreover, Atlassian has struggled to earn profits throughout its history, a factor that probably prompted further selling in the 2022 bear market.

Atlassian's current financial condition

Amid the stock price decline, the company has offered a mixed financial picture. The good news is that revenue continues to grow. Revenue levels do not quite match the 58% gain of fiscal 2022 (which ended June 30). However, they came in at $651 million for the first quarter of fiscal 2023 (which ended September 30), a 50% increase.

Still, it also reported an operating loss during that time. High levels of stock-based compensation contributed to the 53% increase in operating expenses. Even with $29 million in unrealized investment gains, the company's net loss was $14 million.

The stock-based compensation is a negative for more than just the losses. Paying the stock-based compensation could put pressure on Atlassian to dilute its stock. Fortunately, with more than $1.5 billion in liquidity, it possesses the resources to cover such costs.

Additionally, investors may feel the selling is overdone. Even though Atlassian stock has fallen over the last year and a half, it has risen more than 30% since reaching a low last fall.

Furthermore, its price-to-sales (P/S) ratio has reached its lowest level in nearly seven years in latest months and now stands at 13. That level is low by historical standards, but still makes its stock more expensive than most of its peers, a factor that could make some investors hesitant to add Atlassian shares.

TEAM PS Ratio Chart

TEAM PS Ratio data by YCharts

Atlassian in one year

As a company, Atlassian should grow its revenue over the next year. But with regards to its stock, it may take more for Atlassian to recover in 2023.

Indeed, customers will likely continue to turn to its enterprise management software. And Atlassian can sustain its current pace of losses even if profitability does not come soon.

Still, the stock has already risen by over 30% since early November. And in light of its high P/S multiple and the costs of its stock-based compensation, investors may find the shares of competitors more appealing in the near term.

Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian, Microsoft, and ServiceNow. The Motley Fool recommends Broadcom. The Motley Fool has a disclosure policy.

Tue, 24 Jan 2023 03:49:00 -0600 Will Healy en text/html https://www.fool.com/investing/2023/01/24/where-will-atlassian-be-in-1-year/
Killexams : Atlassian: R&D Adjustments Reveal Profitability Boost
Corporate data management system and document management system with employee privacy.Employee confidentiality. Software for security, searching and managing corporate files and employee information.

Galeanu Mihai

Atlassian (NASDAQ:TEAM) is an Australian-founded software company that has a mission to "unleash" the power of teams globally. The company's product Jira was named a leader for agile software development teams by both the State of Agile

Mon, 06 Feb 2023 05:17:00 -0600 en text/html https://seekingalpha.com/article/4575663-atlassian-rd-adjustments-reveal-profitability-boost
Killexams : Why Atlassian Stock Plunged Today

What happened

Shares of enterprise-software company Atlassian (TEAM -3.49%) plunged on Friday morning after it reported financial results for the second quarter of its fiscal 2023. The stock started the day down about 13%. But it's slowly clawing its way back up, only down 7% as of 10:45 a.m. ET.

So what

In Q2, Atlassian generated revenue of nearly $873 million, up almost 27% year over year. That's a significant slowdown from its 31% growth in the previous quarter. And it's also much slower than its 34% growth in fiscal 2022. The market doesn't like slowing growth for growth stocks like Atlassian.

Atlassian was able to add more than 4,000 net new customers during Q2, which is encouraging. However, the company's software is frequently used by tech companies. In general, these companies have slowed hiring or even laid off workers, affecting Atlassian because subscriptions are per seat. And Atlassian is seeing fewer conversions from its free tier to its subscription tier, reflective of belt-tightening in the industry.

This trend was in place in the first quarter, but Atlassian's management said it became more pronounced in Q2.

Now what

Atlassian is guiding for roughly $900 million in revenue next quarter, about 22% year-over-year growth and close to Wall Street's own projections. Therefore, top-line growth is clearly slowing. But this is hardly a dying business -- it's still adding customers and growing revenue.

Also of note, Atlassian is in the process of migrating customers to the cloud, which helps it grow subscription revenue. The company's Q2 subscription revenue was up 40%, which is a strong growth rate. Moreover, this recurring revenue gives management and shareholders clarity regarding the future of this business.

Finally, research and development (R&D) expenses are either good news or bad news, depending on one's perspective. In the first two quarters of fiscal 2023, Atlassian spent 63% of its gross profit on R&D, which largely accounts for its hefty operating loss of $133 million. 

On one hand, spending on R&D positions Atlassian to retain and gain market share -- few can match its budget. On the other hand, one has to wonder how much the company will ever be able to pull back in this category, which makes future profitability uncertain, in my opinion.

Jon Quast has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian. The Motley Fool has a disclosure policy.

Fri, 03 Feb 2023 03:43:00 -0600 Jon Quast en text/html https://www.fool.com/investing/2023/02/03/why-atlassian-stock-plunged-today/
Killexams : Atlassian doubles down on automation with new capabilities for Confluence No result found, try new keyword!Atlassian has announced new automation capabilities for its Confluence collaborative workspace platform, allowing customers to set up rules that streamline processes and remove the need for ... Wed, 25 Jan 2023 02:02:00 -0600 en text/html https://www.computerworld.com/ Killexams : Atlassian: What Price Makes Sense?

Atlassian Corporation (NASDAQ:TEAM) is a software company that specializes in developing and providing business collaboration and productivity tools. Its products are installed in more than 80% of the Fortune 500, and once new tools like Atlassians are embraced at big firms, its extremely difficult to change direction. This has helped Atlassian grow revenue from $145 million in 2013 to more than $2.7 billion over the last 12 months.

Atlassian is impressive

The company has grown to become a global leader in enterprise software solutions with a product mix that is very sticky. The more touch points across a clients organization a software vendor has, the higher the switching costs, and Atlassian has five main products:

  • Jira: a very popular project management tool that helps teams track and organize their work

  • Confluence: a collaboration platform for creating and sharing documents, knowledge bases and team wikis

  • Trello: a visual tool for organizing and prioritizing tasks and projects

  • Bitbucket: a version control system for software development teams

  • HipChat: a team communication tool for real-time chat, video conferencing and file sharing

In addition to these, Atlassian also offers a range of integrations and add-ons to help teams customize their workflow and Improve their productivity through a diverse marketplace of third-party listed deliverables. The company offers its solutions through both software-as-a-service (SaaS) subscriptions and enterprise license agreements with Jira being its preeminent offering.

Atlassians marketing playbook

Atlassian has built its business in the same way Salesforce (NYSE:CRM) did, using free trials to gain competitive advantages against would-be competition. The actual building of the software is no longer the hard part. Being able to get first mover advantage and then stay there is what's difficult. Most SaaS companies start by offering free versions of their software, often limited in features, and require payment to access more. The more with Atlassian's offering is tied to users, data storage and support.

Atlassians flagship project management tool Jira starts at $0 per user per month for up to 10 users. This rises from $7.75 to $15.25 per user for advanced with unlimited storage and 24/7 premium support. At the highest level, which is what most of those Fortune 500 clients are likely on, the service offers the additional benefits of centralized control, security and support. The point being, any company, big or small can get started and scale as needed.

Atlassians current revenue is pretty stable considering the penetration in major American corporations and those high switching costs, which comes from the time and expense of implementing a new software package while maintaining the existing platform or the indirect costs in learning a new system. No matter how you look at it, Atlassian is here to stay.

Atlassian seems overvalued by Mr. Market

Desipte the steller product offerings and revenue growth, the stock price has become out of balance with its real value. Of course, this could mean that the problem Atlassian solves is really hard or that investors believe that paying 13 times sales today will translate in someone else paying 13 times sales in a few years when annual revenue has doubled.

A major red flag is that while the companys gross margins are above 80%, it still spends an inordinate of money on research and development. Thats typically a sticking point when investing in technology companies. Atlassian may have to continuously spend over 60% of its gross profit on R&D just to keep up with competition as it tries to match growth estimates. By comparison, the SaaS pioneer Salesforce only spends 23% on research and development. This one line item on Atlassians income statement is the reason the company remains unprofitable. In fact, if that number was in line with Salesforces, Atlassian would be able to push nearly $1 billion to Ebitda. Considering its significant growth rate, that could justify a 40 times multiple.

The good news is that 98% of transactions occur on the companys website, placing Sales, General and Administrative (SG&A) costs at just 46% of gross profit. Salesforces SG&A costs eat up 74% of its gross profit. Even though it only generates $340,000 per employee, the company is still keeping the admin costs in check.

For Atlassian, achieving high revenue growth is crucial for justifying its poor management and bloated employee base. In startups, its almost a requirement to hire fast and tack on as many people as possible to solve problems. Now, the company needs to scale back and become more efficient. A 30% top line growth rate alone is no longer enough. As the company expands and the industry becomes more competitive, growth could slow substantially.

What price makes sense?

This is one of those situations where value investors can understand the business, keep tabs on where the price fluctuates and act when it reaches a certain level. I believe that level is much lower based on todays performance indicators.

Even assuming Atlassian can continue to grow at the current rates for the next five years, pushing revenue above $11 billion, the company will still likely be losing money. However, if any quarterly report shows research and development expenses stabilizing or declining, that would be good news for the bottom line.

At this point, I believe a price-sales ratio of around 5 seems more in line with the market. Salesforce is priced at that level and it is the undisputed industry leader. That would place the market capitalization closer to $15 billion today and up to $55 billion in the future as long as Atlassian can continue the strong performance over the next five years.

This article first appeared on GuruFocus.

Fri, 27 Jan 2023 19:18:00 -0600 en-US text/html https://finance.yahoo.com/news/atlassian-price-makes-sense-171536028.html
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