Atlassian reports Q3 revenue up 32% YoY to $1.79B, vs. $1.69B est., and raises its annual revenue forecast; TEAM jumps 17%+ after hours (Anhata Rooprai/Reuters)
Atlassian reported a 32% year-over-year revenue increase for Q3, reaching $1.79 billion, surpassing the estimated $1.69 billion. The company raised its annual revenue forecast, citing strong demand for its collaboration and productivity tools. Following the earnings release, Atlassian's stock (TEAM) rose more than 17% in after-hours trading.
- ▪Atlassian's Q3 revenue reached $1.79 billion, a 32% increase compared to the same quarter last year.
- ▪The reported revenue exceeded analysts' expectations of $1.69 billion.
- ▪Atlassian raised its annual revenue forecast due to stronger-than-expected performance.
- ▪The company's stock (TEAM) surged over 17% in after-hours trading following the earnings announcement.
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