Atlassian rises after raising annual revenue forecast

Atlassian

31/10/2024 20:31

** Shares of enterprise software developer Atlassian Corp
 TEAM.O  up 15% at $217 in after-hours trading 
    ** TEAM sees FY25 revenue growth to be between 16.5% and 17%
vs earlier expectations of about 16%
    ** Expects Q2 revenue of $1.23 bln to $1.24 bln vs est. of
$1.23 bln, according to data complied by LSEG
    ** Posts Q1 revenue of $1.19 bln vs est. of $1.16 bln
    ** Stock has fallen 20.7% YTD
    

 (Reporting by Juby Babu in Mexico City)
 ((Juby.Babu@thomsonreuters.com;))