Atlassian pops 20% on better-than-expected earnings, revenue outlook
1. Atlassian shares surged 20% post-earnings, exceeding Wall Street expectations. 2. Adjusted earnings reached 96 cents, beating the 76 cents forecast. 3. Revenue for Q2 was $1.29 billion, above the $1.24 billion estimate. 4. Strong growth in cloud and AI boosted subscription revenue by 30%. 5. Third-quarter revenue expected at $1.35 billion, exceeding prior guidance.