US EditionAtlassian lifts annual revenue forecast as AI features, enterprise ...
- Atlassian Corp. reported third-quarter revenue of $1.79 billion on Thursday, beating analyst expectations and raising its total annual revenue growth forecast to about 24%.
- The positive results follow a challenging year where Atlassian's stock fell around 60% as investors weighed threats from generative AI; in March, the company cut around 1,600 employees to reallocate resources toward AI development.
- Atlassian's AI-powered service products eclipsed $1 billion in ARR, with cloud revenue growing 29% year-over-year, as CFO James Chuong noted strong seat expansion in Jira alongside increased adoption of new AI features.
- Shares of Atlassian rose more than 18% in extended trading following the report, while earnings beats from Twilio and Five9 suggest the "SaaSpocalypse" narrative is denting.
- Investors are watching upcoming earnings reports from Salesforce later this month as AI adoption drives enterprise customers to sign larger and longer commitments across the software sector.
18 Articles
18 Articles
Atlassian Gets Mixed Calls After Q3: Are Cloud Growth Wins Enough to Beat the Software Compression?
The post Atlassian Gets Mixed Calls After Q3: Are Cloud Growth Wins Enough to Beat the Software Compression? appeared first on 24/7 Wall St.. Quick Read Atlassian (TEAM) beat Q3 FY2026 estimates with $1.79B in revenue (32% YoY growth), $1.75 EPS versus $1.34 estimate, and Cloud revenue up 29% YoY. Yet, analysts remained divided on Altassian’s valuation, with Barclays raising its share price target to $106 while Piper Sandler, Raymond James, a…
What SaaSpocalypse? Atlassian, Twilio, and Five9 stocks soar as their AI moves deliver earnings beats
Atlassian CEO Mike Cannon-Brookes.Bloomberg/Getty ImagesAtlassian, Twilio, and Five9 shares soar premarket as AI boosts their earnings.All three companies have previously been cited as victims of the so-called SaaSpocalypse.SaaS stocks have taken a hammering this year over fears AI will make some software obsolete.Reports of the death of SaaS may have been greatly exaggerated.Shares of software as a service companies Atlassian, Twilio, and Five9…
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