Atlassian Corp (NASDAQ:TEAM) reported fiscal first-quarter financial results after the bell on Thursday. Here’s a rundown of the report.

Q1 Revenue: $1.19 billion, versus estimates of $1.16 billion

Q1 EPS: 77 cents, versus estimates of 64 cents

Total revenue was up 21% year-over-year. Subscription revenue was up 33% year-over-year. Cash flow from operations came in at $80.5 million and free cash flow totaled $74.3 million in the first quarter.

Atlassian ended the quarter with $2.2 billion in cash, cash equivalents and marketable securities.

“Through the power of our R&D engine, ...

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