Overview
- Atlassian beat expectations in fiscal Q3 with $1.79 billion in revenue and $1.75 in EPS, which pushed the stock sharply higher in after-hours trading.
- Total revenue rose 32% from a year ago, which the CEO linked to customers signing bigger, longer-term commitments on the company’s AI-powered platform.
- Profitability strengthened with operating income of $607.2 million and a 34% operating margin, up from 26% a year earlier.
- The company’s Service Collection topped $1 billion in annual recurring revenue and is growing more than 30% year over year.
- Management guided fourth-quarter revenue to $1.65 billion to $1.66 billion, which is roughly in line with analyst estimates.