Atlassian forecasts downbeat quarterly revenue, shares drop

Atlassian

01/05/2025 21:20

May 1(Reuters) - Atlassian TEAM.O forecast fourth-quarter revenue below estimates on Thursday, as enterprise customers cut spending on cloud software services in a tough economy.

Shares of Atlassian were down 15% after the bell.

For the fourth quarter, Atlassian sees revenue in the range of $1.35 billion to $1.36 billion, while analysts expect $1.36 billion, according to data compiled by LSEG.

 (Reporting by Juby Babu in Mexico City; Editing by Shailesh Kuber)

 ((Juby.Babu@thomsonreuters.com;))