Overview
- The company, which reported results on May 1, beat expectations with $1.79 billion in revenue and adjusted earnings per share of $1.75.
- Atlassian raised its annual revenue-growth forecast to about 24% from 22%, citing stronger-than-expected commercial momentum.
- CFO James Chuong said cloud revenue grew about 29% year over year, driven by seat expansion in Jira and rising use of AI features including the Rovo platform with advanced search and coding-assistant tools.
- In March the firm cut roughly 10% of its workforce, about 1,600 roles, to reallocate resources toward AI development and enterprise sales efforts.
- Shares swung sharply this spring—falling to roughly $57 in April before rallying about 83% to close near $107 on May 29—reflecting renewed investor optimism that still leaves execution and market risks in play.