Atlassian Share News

Transitioning customers to the cloud and a few acquisitions have helped Atlassian grow its revenue at a strong pace. The market remains unconvinced due to a couple of financial metrics that leave something to be desired.

Today, we discuss three underappreciated tech stocks in a year when the technology sector has emerged as the powerhouse of 2024. The Invesco QQQ Trust ETF (NYSEARCA: QQQ ), which tracks the Nasdaq-100, has surged over 16% year-to-date (YTD).

Atlassian reported strong Q3 FY24 earnings, with revenue and earnings growing 30% and 60% YoY respectively, driven by strength in its Cloud and Data Center segments. The company successfully migrated its Server customers to the Cloud with less than expected churn, while it sees deepening adoption of its solution as it progresses upmarket and unlocks profitability. While uncertainties remain wit...

Companies that are judged on sales growth can be vulnerable to brutal sell-offs. MongoDB, Snowflake, and Atlassian all have high stock-based compensation expenses.

Atlassian is the developer of popular workplace collaboration software platforms Jira and Confluence. Atlassian's new artificial intelligence (AI) tools are enhancing the capabilities of both platforms, and customers are rapidly adopting them.

Atlassian continues to grow despite tough economic conditions, particularly with its cloud-based revenue. Management expects to more than double its revenue over the next five years as its addressable opportunity keeps growing.

Atlassian delivered strong quarterly earnings and topped consensus expectations. Investors were worried about growth in its cloud segment and the announcement that its co-CEO is stepping down.

LAS VEGAS--(BUSINESS WIRE)-- #jira--ATLASSIAN TEAM ‘24 — New Relic, the all-in-one observability platform for every engineer, announced a new integration with Atlassian, a leading provider of team collaboration and productivity software. New Relic is the first and only observability platform to be integrated into Atlassian's new capability to track incidents in Jira Software. The integration em...