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Atlassian is 20 years old and unprofitable

smartcompany.com.au

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Re: Atlassian is 20 years old and unprofitable

#201

Post by smcl »

rob74 wrote: post #141
the_duke wrote: post #54

> users can switch to a competitor product like Asana, Basecamp or Monday.com with minimal cost That's just plain nonsense. I dislike using Jira as much as anyone, mainly because it's so excruciatingly slow. But there is no competing product (suite) that offers comparable functionality and provides the same long-term flexibilty. Many companies have built entire workflows (not just development related) around Jira, an…

> ...and have huge knowledge bases in Confluence. I like to call Confluence a knowledge cemetery - in the huge datasets you have in mind, finding the page you are looking for is more a matter of luck than anything else. And once you found it, you can never be sure if it's still up to date. > Anyway, they have 8000 employees... they can always drastically downsize and refocus, the company will be around for a while. I…

Yeah Confluence is a black hole as far as I'm concerned. Search absolutely sucks, and it's made worse by how some teams store meeting minutes (and basically everything) there, so searching for simple stuff turns up pages and pages of useless junk.

Re: Atlassian is 20 years old and unprofitable

#202

Post by jnwatson »

734129837261 wrote: post #31
gaff33 wrote: post #12

Does anyone actually like using JIRA? Or Confluence? Or any of the Atlassian products?

I hate it. Being forced to document crap in a pile of tens of thousands of documented things is insanity. Nobody reads that stuff, but because it's documented, you can always say: "Wait, did you not read the documentation?" Work goes faster if you keep it in small teams and let them self-organise.

That’s not Jira’s fault. That’s like blaming PowerPoint when you don’t like making presentations.

Re: Atlassian is 20 years old and unprofitable

#203

Post by oaiey »

raverbashing wrote: post #2

Atlassian did well in replacing the barren world that consisted of Bugzilla/Trac/etc (yuck) and worse closed-sourced offenders like the "Rational suite" (the worse pile of crap I've ever had the displeasure of dealing with) But yeah, somebody should create a Jira ticket for their lack of profitability

Do not forget TFS.

Re: Atlassian is 20 years old and unprofitable

#204

Post by matwood »

square_usual wrote: post #163
matwood wrote: post #143

Earlier quoted context omitted.

The functionality of JIRA is great. It's the UI that feels slow and clunky.

The functionality of Jira is great because it's basically turing complete at this point. A dedicated enough force of middle managers can warp it however they want to.

In the worst case sure. It also lets a small team start easily and modify it as they grow.

In many ways it's like Excel. Everyone says making an Excel killer should be easy because people only use 10 features. Problem is, everyone is using a different 10 features.

Re: Atlassian is 20 years old and unprofitable

#205

Post by itomato »

They say it’s overvalued - whose fault is that?

Now the remote thing could be fantastic. I don’t know what the building on Harrison St. cost, but between what they save on staff relocations and real estate, there should be some offset in two-three years, right?

Salesforce is an Apple to Atlassian’s orange. I would guess they make more money from Tableau than Atlassian do from Confluence and Jira Data Center combined.

“Tableau Software generated $464 million as part of Salesforce for the quarter, up about 18% from the same quarter a year ago“

What will be the total cost of maintaining a Java app (with deep dependencies) for five years? Will subscription costs increase YoY to match?

Add to that the coupling of disparate products and their code and cultures.

Re: Atlassian is 20 years old and unprofitable

#207

Post by threeseed »

jokethrowaway wrote: post #110
ryanackley wrote: post #107

Worked there from 2008-2013. So early-ish employee here. I still have a chunk of shares from the original ESOP program. Saying that for full disclosure because I'm biased and this feels like a hit piece to me. When I worked there, they disclosed all financials in our internal Confluence site. There was a policy of full transparency with the employees. The owners (Mike and Scott) had impressive business discipline. Th…

The article talks about this. The problem is that growth is not there. What you're left is a company with 8000 employees and a system to problematic to change. With the recession incoming, the time for free money is over and tech startups are bound for a correction. I'd sell or get ready to wait 10-20 years. Even in the wait scenario, you're basically hoping that a huge corporation will transform itself and rediscove…

Atlassian grew 30% last quarter compared to previous year.

https://investors.atlassian.com/news/news-details/2022/Atlas...

And their typical customers are the least exposed to recessions i.e. medium to large companies who are making software purchasing decisions for the long term.

Re: Atlassian is 20 years old and unprofitable

#208

Post by threeseed »

zeusk wrote: post #106
TrackerFF wrote: post #74

It is very fair to ask oneself - where will Atlassian be in 10-15-20 years? JIRA is slow as molasses, and ripe for disruption. It Atlassian themselves won't do it, others will try. In the end - if you're an investor that's exposed to Atlassian, these things do matter. And the article is being fair on that point - do you think Atlassian is worth what it's worth, and if so - why? If the answer is "customer lock-in" and…

Nobody ever got fired for buying IBM they said. How is Oracle doing these days anyway?

Oracle revenue is up 5% at $11.8 billion and they have a strong and growing presence in the Government Cloud market. So really not doing too badly at all.

https://investor.oracle.com/investor-news/news-details/2022/...

Re: Atlassian is 20 years old and unprofitable

#209

Post by RHSeeger »

the_duke wrote: post #54

> users can switch to a competitor product like Asana, Basecamp or Monday.com with minimal cost That's just plain nonsense. I dislike using Jira as much as anyone, mainly because it's so excruciatingly slow. But there is no competing product (suite) that offers comparable functionality and provides the same long-term flexibilty. Many companies have built entire workflows (not just development related) around Jira, an…

> Confluence is actually fine

Confluence is the single, worst Atlassian product, in my opinion. I describe it as a wiki written by someone who has never used a wiki. It seems like everything about it is wrong in some way, and it's painful to use.

Re: Atlassian is 20 years old and unprofitable

#210

Post by pantulis »

dx034 wrote: post #181
qunabu wrote: post #138

Earlier quoted context omitted.

> But there is no competing product (suite) that offers comparable functionality. Many companies have built entire workflows (not just development related) around Jira, and have huge knowledge bases in Confluence. Switching would come with a lot of effort. Exactly. Other products comes with opinionated workflow or are much easier (and simpler) to use. Once you setup Jira way you wanted (good luck with that) and able…

One could say Jira is like SAP. Theoretically it's just a software, but in the end there is so much customization that the business starts to revolve around its processes.

True that, but it's not their fault, it's just their turf. They need to solve business needs for core processes in a sufficiently generic way to be applicable to any big enterprise. The only way to achieve this is through heavy configuration/parameterization.
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