Atlassian issues upbeat forecasts on strong demand, shares soar
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Atlassian has raised its annual revenue forecast and projected third-quarter revenue above estimates due to strong demand for its AI-enabled cloud services. This positive outlook has led to a 16% increase in its share price during extended trading.
January 30, 2025 | 10:15 pm
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Atlassian's shares increased by 16% in extended trading after the company raised its annual revenue forecast and projected third-quarter revenue above estimates, driven by strong demand for its AI-enabled cloud services.
The company's positive revenue forecast and strong demand for its AI-enabled services directly led to a significant increase in its share price. This indicates investor confidence in Atlassian's growth prospects.
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