Atlassian shares soar as cloud growth and AI adoption drive earnings beat By Investing.com
Update: 2025-10-31
Description
Atlassian's Q1 FY2026 results exceeded expectations, with earnings per share of $1.04 and revenue of $1.43 billion. The cloud business drove growth, with a 26% increase in cloud revenue and a 30% rise in current remaining performance obligations. Analysts are optimistic about the accelerating cloud momentum and potential for continued growth. Atlassian reported a GAAP operating loss but a non-GAAP operating income of $322.7 million. The company also announced a new $2.5 billion share repurchase program and plans to phase out Data Center products, focusing on the cloud.
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