Business productivity software company Atlassian Corp. Plc. said today it’s buying a company called Code Barrel Pty Ltd. for an undisclosed price.

Code Barrel sells a popular automation tool for Atlassian’s project tracking software Jira, which enables users at more than 6,000 organizations to automate routine operations without writing any code.

Atlassian said its plan is to integrate Code Barrel’s tool with Jira in order to improve its utility for DevOps, marketing and human resources teams.

“Automation for Jira is a powerful no-code rules builder that makes automating routine operations a breeze,” Noah Wasmer, head of tech teams for Atlassian, said in a statement. “By having computers do more of the time-consuming and error-prone work, teams can win back more of their most precious resource: time.”

Atlassian also reported its first quarter financial results today, easily beating expectations. The company reported a profit before certain costs such as stock compensation of 28 cents per share on revenue of $363.4 million, up 36% from a year ago.

Wall Street had been expecting Atlassian to report a 24-cent profit on revenue of $351.8 million.

Atlassian had strong numbers across the board. It said its subscription revenue for the quarter came to $201 million, while it also reported a free cash flow of $62.4 million. The company also grew its customer base, reporting a total customer count of 159,787 at the end of the quarter.

“Atlassian keeps focusing on what matters, making product development and developers more efficient,” said Constellation Research Inc. analyst Holger Mueller. “If you do the right thing for enterprises then good things will follow and we see this in the earnings results. But you can always do more to help enterprises accelerate the building and maintaining of their next generation applications, and it’s in this light to see the acquisition of CodeBarrel.”

The hot streak is likely to continue into the second quarter, if Atlassian’s guidance is any indication. The company said it expects earnings to come in at 27 cents a share on revenue of $386 million to $390 million. Wall Street had forecast 26 cents on revenue of $381.5 million.

“We remain confident that growth will be strong for the foreseeable future as a result of TEAM’s unique go-to-market approach that is almost impossible to replicate, and as it continues to broaden its product line and enjoy significant pricing power in the marketplace,” Mizuho Bank Ltd. analyst Gregg Moskowitz wrote in a note to clients.

Image: Atlassian