Atlassian strengthens commitment to delivering on its advanced cloud offerings for the Indian market. With India witnessing a huge uptake in cloud adoption, and with the cloud market expected to grow approximately 3-fold to USD7.1 billion by 2022 according to Nasscom, Atlassian is building products to cater to this demand, while also providing its Indian customers access to its innovative new cloud offerings. Its customers in India include Ola Cabs, Reliance, Walmart Labs, and Flipkart, among others.
To achieve this goal, Atlassian is also aiming to double its number of Indian employees, working to add 300 more local employees to help support the growth of the world-class Atlassian R&D centre which opened in Bengaluru in 2018. The company surpassed $1 billion in lifetime revenue on the Atlassian Marketplace, and posted total revenue of approximately $409 million for Q2’20, up 37% year-over-year, achieving record profitability.
Cloud has been the key driver of Atlassian’s growth and innovation, with overall subscription revenue, which is primarily cloud driven, growing at 50% year-over-year. The company has plans to invest aggressively over the next 12 months to grow its cloud business in India. With cloud security being a major focus for its cloud customers, Atlassian has also announced enterprise-grade controls and security features, with data privacy upgrades to its underlying cloud platform. It has introduced new cloud plans including a Premium offering, giving customers the highest level of service with advanced features, a 99.9% uptime SLA, unlimited storage and access to premium security tools, ensuring enterprises have everything they need to confidently scale. The company has also launched Forge, its new cloud app development platform, allowing their ecosystem developers to more easily and securely build cloud apps.