Atlassian stock slides after Q2 results as CEO rejects ‘software is dead’ AI fears
Atlassian shares fell about 6% in after-hours trading after reporting a sharp drop in free cash flow to $168.5 million and forecasting Q3 revenue between $1.689 billion and $1.697 billion. The company posted a net loss of $42.6 million for the quarter. CEO Mike Cannon-Brookes defended the company’s AI strategy amid investor concerns over long-term demand for Jira and Trello.