Atlassian beats quarterly estimates on strong cloud demand

Atlassian

06/08/2026 22:50

Aug 6 (Reuters) - Collaboration software maker Atlassian TEAM.O beat Wall Street expectations for fourth-quarter revenue on Thursday, riding on strong demand for its enterprise software services and cloud-based products.

Here are some details: 
Shares of the company were up 35.2% in extended trading.
Atlassian, whose software tools such as Jira Service Management and Rovo help clients manage teams, track work and analyze data, has benefitted from more companies incorporating machine learning and automating tasks.
It now forecasts total annual revenue growth of about 13%, compared with its previous outlook of 24%.
The company expects first-quarter revenue between $1.71 billion and $1.72 billion, above analysts' average estimate of $1.66 billion, according to data compiled by LSEG.
Revenue for the fourth quarter ended June 30 came in at $1.77 billion, beating analysts' average estimate of $1.66 billion.
The company reported an adjusted quarterly profit per share of $1.87, compared with estimates of $1.50 per share.
In March, Atlassian announced 10% job cuts, affecting about 1,600 employees, as part of its push into AI and enterprise sales.

 (Reporting by Arunesh Sinha; Editing by Diti Pujara)
 ((Arunesh.Sinha@thomsonreuters.com;))