Confluence Team Calendar is showing the wrong time

[Wisdom Mwanaka]

My confluence instance is subscribed to an Outlook calendar that is on Pacific Time (PST). My profile in Confluence is also on PST. When I make an appointment on my Outlook Calendar for e.g 12pm, it shows up in Team Calendars as 11am. This started happening after I did a Team Calendar update late last week. Does anyone know a fix? 

During troubleshooting, I changed my profile timezone to MST (Mountain Time) which san hour ahead and the Team Calendar now showed the correct time of 12pm for the meeting.

[Pandaria]

I'm having the same problem. Browsing the website gave me the thought that the bug is connected with Daylight Saving Time.