Aussie Tech finds success in offshore markets

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AUSSIE TECH FINDS SUCCESS IN OFFSHORE MARKETS
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Atlassian Inc. (NASDAQ TEAM) is a Sydney-based
tech company that develops and sells cloud-based
collaboration software for teams of all sizes. It
was founded by two classmates from The University
of New South Wales in 2002. 
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The companys decision to bypass the ASX and list
on the USs NASDAQ caused some confusion at the
time, but the decision stands to be vital for the
companys success as it has provided greater
exposure for the tech company
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Since its IPO, the share price has more than
doubled, and its market cap currently exceeds US
13bn making its co-founders, International
Share Broker Michael Cannon and Scott Farquhar,
the 499th and 500th richest people on the planet. 
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Atlassian is growing but has plenty of
opportunities left. In the most recent financial
report, its revenue grew 43 to US 212.6 million
in one quarter beating analyst expectations. 
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