As #pandemic induced #digitaltransformation rush abates, SaaS companies face tough YoY growth comparables
+ #economic headwinds
=
Normalization of valuations back to pre-pandemic levels.
π§΅
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