NASDAQ:TEAM - Nasdaq - US0494681010 - Common Stock - Currency: USD
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 22% in the pre-market session after the company reported strong fourth-quarter (Q2 FY25) results, which reflected stabilization in the mid-market, improved enterprise execution, and continued adoption of its cloud platform. Fourth quarter results blew past analysts' estimates for key top-line metrics, including billings, and revenue. Notably, the company recorded a convincing beat in cloud revenue, which is a key focus of the market, and raised its FY25 Cloud growth forecast to approximately 26.5% (vs. previous guidance of 24%). Growth in the data center segment also exceeded Wall Street's expectations as the company observed more large deals and renewals. Adding to the good news was that revenue guidance for next quarter came in higher than Wall Street's estimates. Zooming out, we think this was a very solid quarter.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 22% in the pre-market session after the company reported strong fourth-quarter (Q2 FY25) results, which reflected stabilization in the mid-market, improved enterprise execution, and continued adoption of its cloud platform. Fourth quarter results blew past analysts' estimates for key top-line metrics, including billings, and revenue. Notably, the company recorded a convincing beat in cloud revenue, which is a key fo
Atlassian surpassed expectations in its most recent earnings report, fueled by strong cloud revenue growth.
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CEO Mike Cannon-Brookes said the company has infused AI throughout its cloud platform, empowering all teams to accelerate collaboration and unlock organizational knowledge.
Let's have a look at what is happening on the US markets after the closing bell on Thursday. Below you can find the top gainers and losers in today's after hours session.
Atlassian stock jumped on fiscal Q2 earnings that topped estimates while revenue guidance came in above views amid a shift to cloud services.
IT project management software company, Atlassian (NASDAQ:TEAM) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 21.4% year on year to $1.29 billion. Guidance for next quarter’s revenue was optimistic at $1.35 billion at the midpoint, 2.4% above analysts’ estimates. Its non-GAAP profit of $0.96 per share was 27.1% above analysts’ consensus estimates.
IT project management software company, Atlassian (NASDAQ:TEAM) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 21.4% year on year to $1.29 billion. Guidance for next quarter’s revenue was optimistic at $1.35 billion at the midpoint, 2.4% above analysts’ estimates. Its non-GAAP profit of $0.96 per share was 27.1% above analysts’ consensus estimates.
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IT project management software company, Atlassian (NASDAQ:TEAM) will be reporting results tomorrow after market close. Here’s what to look for.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the project management software industry, including Atlassian (NASDAQ:TEAM) and its peers.