Giga Berlin will be toast (as a fixed cost) with 1-yr base load electricity prices in #Germany. Also, productive capacity is just 6-7k for this quarter and 25K for next quarter.
As #pandemic induced #digitaltransformation rush abates, SaaS companies face tough YoY growth comparables
+ #economic headwinds
=
Normalization of valuations back to pre-pandemic levels.
🧵
1/
2/ $TEAM : Atlassian had a massive run to over 60x EV/Sales (NTM).
22E Rev: 2.8B
23E Rev: 3.5B @ 26% gr
GM 85% range
EBITDA margin : 25% for 2022 but decelerating to teens in 2023