Atlassian Q1 Earnings: Revenue Beat, EPS Beat, Company Says 'We're Not Just Marketing AI, We're Shipping It'
Portfolio Pulse from Adam Eckert
Atlassian Corp (NASDAQ:TEAM) reported strong fiscal Q1 results, beating both revenue and EPS estimates. The company highlighted its focus on AI with the launch of a new product, Rovo. Atlassian's shares rose significantly in after-hours trading.
October 31, 2024 | 8:24 pm
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Atlassian reported better-than-expected Q1 earnings, with revenue and EPS surpassing estimates. The company emphasized its AI capabilities with the launch of Rovo, contributing to a 15% rise in after-hours trading.
Atlassian's Q1 earnings exceeded expectations, with significant year-over-year growth in revenue and subscription revenue. The launch of a new AI product, Rovo, and a positive outlook for future revenue growth have likely contributed to the 15% increase in after-hours trading. This indicates strong investor confidence in the company's strategic direction and financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100