Atlassian Stock Soars on AI-Driven Earnings Beat – Is $250 Next?
Earnings Beat and Outlook Atlassian’s Oct 30 earnings (for the quarter ended Sept. 30) exceeded projections. Revenue hit $1.433 billion, a 21% year-over-year jump Investing, while cloud revenue grew 26% to $998 million Investing. Adjusted EPS was $1.04, topping estimates by $0.20 Investing. CEO Mike Cannon-Brookes hailed the result as an “AI innovation” success: “Our relentless pace of AI innovation is driving results…”…