Atlassian Stock Jumps After Its Results, Outlook Impress
Atlassian (TEAM) Investopedia·2024-11-02 00:00
Key TakeawaysAtlassian beat profit and sales estimates and raised its outlook as its artificial intelligence offerings helped drive subscriptions.The software and services provider for developers and project managers reported a 33% jump in subscription revenue.Atlassian now expects full year revenue growth of as much as 17%, up slightly from earlier projections. Atlassian (TEAM) shares surged Friday after the business-software company posted better-than-expected quarterly results and raised its guidance as ...