Atlassian Corporation (TEAM) Lifts Annual Revenue Forecast

On May 1, 2026, Reuters reported that Atlassian Corporation (NASDAQ:TEAM) raised its yearly gross maturation forecast to astir 24% from 22%. The steadfast is counting connected AI-driven features and the endeavor conception to prolong growth. The institution bushed quarterly expectations, reporting gross of $1.79 cardinal arsenic compared to $1.69 cardinal estimated by LSEG. It besides posted adjusted EPS of $1.75 against $1.32 expected, Reuters reported.

Shares jumped much than 18% successful extended trading. CFO James Chuong told Reuters that unreality gross grew by 29% twelvemonth implicit year, pointing to beardown spot enlargement successful Jira on with rising usage of AI features.

Reuters said request for halfway products similar Jira remained coagulated due to the fact that of heavy endeavor integration, adjacent though lawsuit budgets softened. The maturation besides benefited from shifts to unreality and information halfway offerings. The corp chopped astir 10% of its workforce, oregon 1,600 roles, successful March to refocus connected AI and endeavor sales.

Atlassian Corporation (NASDAQ:TEAM) is simply a holding institution that provides squad collaboration and productivity software. Its products see Jira Software, Confluence, Jira Service Management, and Loom.

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