Atlassian (TEAM) Stock Surges 30% After Best Quarter in Company History
TLDR
- Atlassian stock jumped around 30% in premarket Friday after crushing Q4 earnings expectations
- EPS came in at $1.87 vs the $1.50 analyst estimate; revenue hit $1.77 billion vs $1.66 billion expected
- Cloud revenue grew 31% year-over-year to $1.21 billion
- Q1 fiscal 2027 revenue guidance of $1.705B-$1.715B beat the $1.67B consensus
- Subscription ARR hit $6.61 billion, up 23% year-over-year
Atlassian stock jumped roughly 30% in premarket trading on Friday after the company reported fiscal fourth-quarter results that beat Wall Street estimates across the board.
The company posted adjusted EPS of $1.87, well above the $1.50 analyst consensus. Revenue came in at $1.77 billion, up 28% year-over-year, topping the expected $1.66 billion.
Cloud revenue was a standout, rising 31% year-over-year to $1.21 billion. Data Center revenue reached $461.9 million, also clearing the $414.6 million estimate.
It was a record quarter for large contract deals. Annual contract value customers at the $3 million tier grew more than 50% from a year ago, while $5 million-plus customers grew more than 70%.
โฆ Continue reading the full article at the original source below.
