Overview
- Atlassian, which reported fiscal fourth‑quarter results on Friday, posted about $1.77–$1.8 billion in revenue, an adjusted EPS of $1.87 that beat estimates, and roughly 28% year‑over‑year top‑line growth.
- Shares jumped roughly 30% in premarket and after‑hours trading after the beat and after CEO Mike Cannon‑Brookes said he will enter a plan to buy up to $250 million of Class A stock while some outlets reported larger personal investment plans.
- Management said cloud revenue accelerated to about 31% growth and that Rovo, the company’s AI agent, is now used by more than 80% of the Fortune 500 with Rovo‑assisted actions up roughly 50% quarter‑on‑quarter, and Atlassian logged record large enterprise deals.
- The quarter produced operating profitability and margin expansion but the company still recorded a full‑year accounting loss of about $54 million and guided to slower FY27 revenue growth around 13% with tight margins ahead.
- The results have temporarily eased the 'SaaSpocalypse' fears by showing AI can deepen product value, yet the sector remains volatile and Atlassian’s earlier March cuts and changes to equity pay show the company is still reshaping costs and compensation to balance growth with profitability.