Nov 27, 2021
New 50p coin will be launched to commemorate Queen’s Platinum Jubilee next year
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THE Royal Mint has announced a new 50p coin will be launched next year to celebrate the Queen's Platinum Jubilee.
It will be the first time a royal event will appear on the tails side of the coin and the design has even been approved by the Queen.3Featuring the number 70 to denote the number of years the Queen has reigned up to 2022, her cypher will also be nestled inside the zeroCredit: PA 3The Royal Mint has commemorated the Queen over the years for the Queen's Silver, Gold and Diamond JubileesCredit: Getty
Featuring the number 70 to denote the number of years the Queen has reigned up to 2022, her cypher will also be nestled inside the zero as the central focus of the design.
Clare Maclennan, divisional director of commemorative coin at the Royal Mint, said: "The Royal Mint has a proud history of striking coins for British monarchs and 2022 sees one of the greatest celebrations of Her Majesty the Queen with the upcoming Platinum Jubilee.
"Marking 70 days until the anniversary of the Queen's accession to the throne, the Royal Mint is delighted to reveal the commemorative Platinum Jubilee 50p design ahead of its launch in the new year.
"In recognition of the landmark occasion, this is the first time a royal milestone has been commemorated on a 50p coin and is a fitting celebration for Britain's longest reigning monarch."
The new design will join a collection of commemorative crown pieces from the Royal Mint over the years, which have celebrated the Queen's Silver, Gold and Diamond Jubilees.
Included in one of the largest collections made by the Royal Mint, the coin will be unveiled next year alongside a commemorative £5 crown.
Collectors of coins can register their interest to the Royal Mint to claim the commemorative 50p piece.3'The Royal Mint has a proud history of striking coins for British monarchs and 2022 sees one of the greatest celebrations of Her Majesty the Queen'Credit: PA Royal photographer Arthur Edwards remembers moments he met The Queen We pay for your stories!
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Atlassian jumps as quarterly results top estimates and company raises guidance for 2022 subscriptions
Michael Cannon-Brookes, co-CEO, AtlassianScott Mlyn | CNBC
Atlassian shares rose as much as 10% in extended trading on Thursday after the provider of collaboration software reported fiscal second-quarter earnings that topped estimates and raised its forecast for subscription revenue.
Here's how the company did:
- Earnings: 50 cents per share, adjusted, vs. 39 cents as expected by analysts, according to Refinitiv.
- Revenue: $688.5 million, vs. $641.3 million as expected by analysts, according to Refinitiv.
Revenue rose 37% in the quarter, which ended on Dec. 31, Atlassian said in a letter to shareholders. The company narrowed its net loss to $77.5 million from $621.5 million in the year-ago quarter.
For the full fiscal year, Atlassian said subscription revenue will increase by about 50%, up from the previous projection of growth in the mid-40's range. Subscriptions represent 86% of total revenue. Atlassian reported $975.5 million in deferred revenue, above the StreetAccount consensus of $971.0 million.
Atlassian is increasing prices of its data center and server products next month. The hikes will range from 10% to 25% and will not affect customers that use Atlassian's cloud offerings, the company said.
While Atlassian beat expectations for its key financial metrics, the company ended the quarter with 226,521 customers, below the StreetAccount estimate of 237,100.
The trend of people leaving workplaces that has come to be known as the great resignation has not played out at Atlassian, Scott Farquhar, a co-founder and co-CEO of the company, said on a conference call with analysts. However, he said, "we have seen some minor upticks in compensation."
Also on Thursday, Atlassian said it has acquired virtual agent start-up Percept.ai, "bolstering our investments in automation and machine learning."
Excluding the after-hours jump, Atlassian shares have fallen about 23% since the start of the year, while the S&P 500 index is down around 9%. Atlassian has gotten caught in a broad rotation out of fast-growing cloud-software stocks as interest rate concerns push investors into assets deemed less risky.
However, ServiceNow and Qualtrics both popped on Thursday after beating estimates in their quarterly results. Investors will be looking to earnings reports from a bunch of cloud companies in the coming weeks as an early indicator for how well the businesses are holding up as the economic and fiscal environment changes.
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