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atlassian

Steady7 stories3 sourcesLast updated: 5/8/2026
Related Topicscloud revenuedata centersaasteamwork collectionbtigearningsstock rallyartificial intelligence

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Atlassian shares jump 20% after beating Q3 expectations, CEO says AI disruption fears overblown
NEWS
5/1/2026AI summary

Atlassian shares jump 20% after beating Q3 expectations, CEO says AI disruption fears overblown

Atlassian shares jumped more than 20% on Friday after the software company reported fiscal third quarter results beating Wall Street expectations, with EPS of $1.75 adjusted vs. $1.32 expected and revenue of $1.79 billion vs. $1.69 billion expected. Cloud revenue grew 29% year over year to $1.13 billion, while data center revenue came in at $561 million, both exceeding analyst estimates. CEO Mike Cannon-Brookes said concerns about AI disruption in the software sector may be overblown, noting customers continue expanding their use of Atlassian software. The stock remains down more than 45% year to date despite the rally.

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CNBC
Atlassian Shares Surge 28% After Beating Q3 Estimates, Cloud Revenue Jumps 29%
NEWS
5/1/2026AI summary

Atlassian Shares Surge 28% After Beating Q3 Estimates, Cloud Revenue Jumps 29%

Atlassian shares jumped more than 28% on Friday after the software company reported fiscal third quarter earnings that exceeded Wall Street expectations, with EPS of $1.75 versus $1.32 expected and revenue of $1.79 billion versus $1.69 billion expected. Cloud revenue rose 29% year over year to $1.13 billion, while data center revenue came in at $561 million, both beating analyst estimates. CEO Mike Cannon-Brookes stated the company saw incredible strength and that concerns about AI disruption to the software sector may be overblown. The stock had been among the hardest hit by the 'SaaS-pocalypse' this year, down more than 45% year to date before the rally.

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CNBC