Cloud Stocks: Atlassian's AI Investments Please the Market
Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its fourth quarter results that sent the stock soaring 24% in the after-hours trading session. Like others in the industry, Atlassian too is betting on AI to improve its offerings. Atlassian's Financials For the fourth quarter, revenues grew 24% to $939.1 million, soaring ahead of the market's forecast of $914.6 million. Adjusted EPS of $0.57 was also ahead of the market's forecast of $0.45. By segment, Subscription revenues grew 30.5% to $799.7 million and Maintenance revenues fell from $117...
Source: sramanamitra.com