04:19 PM EDT, 10/31/2024 (MT Newswires) -- Atlassian ( TEAM ) reported fiscal Q1 non-GAAP earnings late Thursday of $0.77 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.65.

Revenue for the quarter ended Sept. 30 was $1.19 billion, up from $977.8 million a year earlier.

Analysts surveyed by Capital IQ expected $1.16 billion.

The company expects fiscal Q2 revenue between $1.23 billion and $1.24 billion.

Analysts polled by Capital IQ expect $1.23 billion.

The company's board authorized a new share repurchase program of up to $1.5 billion. The new program will begin after completion of a $1 billion program approved in January 2023.

Atlassian ( TEAM ) shares rose 14% in after-hours activity.