Atlassian forecasts second-quarter revenue above estimates on AI demand boost
Update: 2025-10-30
Description
Atlassian's Q2 forecast exceeds expectations, driving shares up 7%. The company's enterprise software, including Jira and Confluence, is in high demand as businesses upgrade with AI. Atlassian expects 22.5% cloud revenue growth in Q3, driven by product bundling and AI tools. CFO Joe Binz announces retirement, signaling potential changes. Despite Q1 revenue slightly below expectations, profits beat estimates.
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