Atlassian closes at highest since 2022 on strong earnings, outlook

Atlasian The stocks emerged by 14.9 % after the software company blew up the passengers of Wall Street in the second quarter of the second quarter of Wall Street.

The share height was 52 weeks and closed at its highest level since April 2022. It was also the best day of the stock since November.

The modified profits came at a price of 96 cents per share, 76 cents for the expected stock by LSEG analysts. Atlasian recorded revenues of $ 1.29 billion, for an estimate of $ 1.24 billion.

For the third quarter, Atlasian said he expects $ 1.35 billion in revenue, higher than LSEG estimate of $ 1.31 billion and previous directives.

Atlassian has benefited from the growth of cloud and a strong data center during the period as more customers turned into artificial intelligence solutions. This contributed to the growth of subscription revenues by 30 % during the previous year. Atlasian also said that he is now expected to grow a 26.5 % cloud and 21.5 % data center growth for the fiscal year.

“The momentum that we see throughout the work enhances our condemnation about the investments we do in our main strategic priorities for the service customer service, Amnesty International, and the work system to provide permanent growth in the long run.” In the release of profits.

The Australian company, known as the Trello Corporation software, has pushed the artificial intelligence race along with huge technology competitors in recent years. In 2023, the company Openai exploited To bring artificial intelligence capabilities to Jira solutions and meet. Last year, Atlasian launched Rovu AI.

Keith Weiss from Morgan Stanley, cited successive growth in intelligence in Atlantic intelligence among the longest among the reasons that must “join the higher companies” of software companies, in the best way for artificial intelligence.

1 million [monthly active users] For Atlassian intelligence, they all indicate a strong return against investments on a unified cloud platform “filled with AI” and improving the organization’s movement. While the evaluation gap is narrowed [after hours]He wrote in a memo on Friday.

The shares have gained 25 % since the beginning of the year.