Atlassian Stock Surges on Big Cloud Beat. AI Could Be Its Next Growth Driver. - Barron's

1. Atlassian reported strong Q2 earnings of $0.96 per share, beating forecasts. 2. Revenue reached $1.29 billion, exceeding expectations of $1.24 billion. 3. Cloud revenue grew by 30%, outperforming the expected 26% growth. 4. Analysts predict significant upside due to AI investments and conservative guidance. 5. Shares jumped 21% in premarket trading, reflecting positive market reactions.