Atlassian Q2 Adj EPS $0.73 Beats $0.62 Estimate, Sales $1.06B Beat $1.02B Estimate
Portfolio Pulse from totan@benzinga.com
Atlassian (NASDAQ:TEAM) reported Q2 adjusted EPS of $0.73, surpassing the $0.62 estimate, marking a 62.22% year-over-year increase. Sales reached $1.06B, exceeding the $1.02B estimate, up 21.46% from the previous year.
February 01, 2024 | 9:07 pm
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POSITIVE IMPACT
Atlassian's Q2 earnings and sales exceeded analyst expectations, with significant year-over-year growth in both EPS and revenue.
Atlassian's better-than-expected Q2 earnings and sales figures indicate strong operational performance and growth, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100