Shares of Atlassian (NASDAQ:TEAM) surged over 21% in pre-market today after the collaboration software provider delivered impressive second-quarter earnings and issued an optimistic revenue forecast.
The company significantly outperformed Wall Street expectations, posting adjusted earnings per share of $0.96—well above analyst estimates of $0.62. Revenue climbed 21% year-over-year to $1.29 billion, exceeding the projected $1.23 billion.
Subscription revenue, a key driver of Atlassian’s growth, surged 30% to $1.21 billion. The company also reported a 15% increase in enterprise customers, ending the quarter with 49,449 organizations generating more than $10,000 in Cloud annualized recurring revenue.
Looking ahead, the company issued a strong third-quarter revenue forecast, anticipating between $1.345 billion and $1.353 billion—topping analysts’ expectations of $1.32 billion. The upbeat guidance signals continued momentum as Atlassian strengthens its cloud offerings and expands its enterprise reach.
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