Reported about 11 hours ago
Atlassian has raised its revenue forecasts for the third quarter and the fiscal year 2025 due to strong demand for its AI-enhanced cloud services, resulting in a 16% increase in shares. The company reported a 30% year-over-year growth in subscription revenue, driven by successful enterprise sales and a growing customer base of over 300,000, including major clients like United Airlines and Reddit. Their new product, Rovo, an AI assistant, further enhances user capabilities in project management.
Source: YAHOO