Look, we do see ServiceNow. The next question comes from Bhavan Suri with William Blair. Archived replays of the webcast will be available following the live presentation. As part of our earnings today, we announced two exciting updates to our board of directors. Obviously, in the larger accounts, there's the potential to go further afield because just the size of the company is greater. For international callers, please dial 1-412-902-4250.
We've almost completed our tour across 11 cities worldwide, and it's been fantastic to speak directly to customers and hear about the different ways teams are using our products. It's still an early product line with, I think, a lot of room for growth, and we're pleased with how it performed. Michael Cannon-Brookes -- Co-Founder and Co-Chief Executive Officer Yeah, look, I can take that. So I'm very excited by that. We build tools that help teams collaborate, build, and create together. And we don't guide yet for fiscal '19, so we'll get back to you with that with more color around that story in a quarter or so's time. But I'd focus sort of, overall, in the growth of the data center business on whole, which is good.
You obviously talked about the new location in Bengaluru a bit. I think nothing special really to highlight outside of there's really good momentum in the data center business. And then we'll continue to do what we've done historically, which is to bring our family closer together over time. I remember, few quarters ago, you said over 50% of customers with 500 or more users have three or more products, which, I guess, helped drive the creation of this discounted suite. Sanjit Singh -- Morgan Stanley -- Vice President Appreciate it. And then alongside that, continuing to land also a little bit more broadly.
I would just add, I don't expect Stride to be a material revenue driver in fiscal '19. So those were in the single-digit growth numbers this quarter, just a very clear illustration when you contrast that growth rate to subscription, how customers are moving increasingly to the cloud. Oath will also provide you personalised ads on partner products. But remember, it's still a drop in the bucket on the way to the Fortune 500,000, which is what we're chasing. And at least philosophically, any thoughts on margin expansion into next year with The Street looking for just above 1 point of growth or expansion? James Beer -- Chief Financial Officer Oh, in terms of the sequential process, I think, again, you'll see there similar to one of the answers I gave a little earlier.
Statements made on this call include forward-looking statements. For international callers, please dial 1-412-902-4250. So it's not as much about managing tasks as you would do as an individual in a task-management application you might have on your phone, which is more like to-do items: buy the milk, get the laundry and tick them -- off they're done or not done. Sanjit Singh -- Morgan Stanley -- Vice President Thank you for taking the questions. So in terms of the deferred revenue, obviously, I'm sure you know about the price increases that we announced in August of last year, and some of our customers took advantage to pull forward, either their maintenance renewals, in some instances, new business, upgrade business, and so forth.
In terms of the longer term, as we think about margins, obviously last year, I think, at Investor Day, the company committed to continuing to have modest increases in both operating and free cash flow margins over time. Jay Simons -- President Hey, George. And then just touching on a couple of cases where we've chatted with partners where you see co-existence with ServiceNow, just sort of an idea of how that exists. We can't do this alone, and we really want the best people in the world to help us along that. And I just wanted to see if -- is that still the way we should be thinking about the Atlassian model as we look out over the next couple years, is that price increases will be an annual event? So in terms of coming off of Project Vertigo, which seems to be pretty successful, there used to be a sort of user cap on your cloud products. . If you have any questions or encounter any issues in changing your default settings, please email.
Archived replays of the webcasts will be available following the live presentation. Operator This concludes our question-and-answer session. Thank you for attending today's presentation. So impressive new customer additions. And then James, you spoke about pull-forward into Q1 and Q2, and the company has noted that previously as well. Jay Simons -- President Yeah, hey, Zach.
Excludes expenses related to share- based compensation, amortization of acquired intangible assets, non-coupon impact related to exchangeable senior notes and capped calls, the related income tax effects on these items, and changes in our assessment regarding the realizability of our deferred tax assets. In the last two years, June '16 and June '17, you grew 8% and 9% sequentially. Adam Holt -- MoffettNathanson -- Analyst I had two -- absolutely. Scott Farquhar -- Co-Founder and Co-Chief Executive Officer Yes. I would expect that to somewhat reverse out in Q4.
We also use this information to show you ads for similar films you may like in the future. You should not rely upon forward-looking statements as predictions of future events. One of the things with my sort of outsider lens on, if you will, that I've been really struck by is the remarkable ratio in terms of price-to-value that Atlassian offers right across its product set. Look, I mean, as we mentioned in the shareholder letter, we just passed the one-year mark of the closing of the acquisition of Trello. We also added 6,587 net new customers, the most we've ever added in a single quarter and a big step toward our goal of serving the Fortune 500,000.
The next question comes from Gregg Moskowitz with Cowen and Company. Alexander Kurtz -- KeyBanc Capital Markets -- Managing Director Yeah. So, James, I wonder if you can remind us, as we move more to subscription, I think 80% of new product sales are now cloud, what impact does that have on the model particularly when we're thinking about top-line revenue growth? So with regards to monetization, we certainly aren't rushing into cross-selling it to our existing base. This quarter, we announced the opening of our newest office in Bengaluru, India. About Atlassian Atlassian unleashes the potential of every team. Just a reminder for everyone on the call, Stride's our communications product that we built entirely from the ground-up to put voice, video, and team chatting to one product. Or have you started to do that and the monetization opportunities? James Beer -- Chief Financial Officer Well, let me start with that.