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48D Atlassian News Story

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Atlassian beats quarterly revenue estimates on strong cloud demand, shares rise

April 30 (Reuters) - Collaboration software maker Atlassian TEAM.O beat Wall Street estimates for quarterly revenue on Thursday, helped by strong demand for its cloud-based products.

Shares of the company rose over 23% in extended trading.

Third-quarter revenue came in at $1.79 billion, beating analysts' average estimate of $1.69 billion, according to data compiled by LSEG.

(Reporting by Anhata Rooprai in Bengaluru; Editing by Jonathan Ananda)

((Anhata.Rooprai@thomsonreuters.com))

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