April 30 : Atlassian raised its annual revenue forecast on Thursday, betting that its investments in artificial-intelligence features and a push into enterprise sales will drive growth and expand the use of its collaboration software.
Shares of the company rose nearly 17 per cent in extended trading.
Atlassian has benefited from the steady migration of its customers from on-premises servers to its cloud and data center solutions.
The company now expects total annual revenue growth at about 24 per cent, up from its previous forecast of 22 per cent.
Third-quarter revenue came in at $1.79 billion, beating analysts’ average estimate of $1.69 billion, according to data compiled by LSEG.
