Atlassian Stock Is Ripping Higher: What's Going On?
Portfolio Pulse from Adam Eckert
Atlassian Corp (NASDAQ:TEAM) reported better-than-expected Q4 results, with revenue of $939.1 million and EPS of 57 cents, beating estimates. The company ended the quarter with over 260,000 total customers and saw a significant increase in demand for its IT and service management products. Atlassian expects Q1 2024 revenue to be between $950 million and $970 million, with cloud revenue expected to grow between 25% and 27% YoY.
August 04, 2023 | 2:31 pm
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Atlassian's better-than-expected Q4 results and positive outlook for Q1 2024 could lead to a short-term increase in its stock price.
Atlassian's strong Q4 results and positive outlook for Q1 2024 indicate a strong financial performance, which is likely to be positively received by investors and could lead to an increase in its stock price in the short term.
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