Atlassian raises revenue forecast on AI and enterprise sales
Atlassian lifted its annual revenue forecast to 24 percent after third-quarter sales beat estimates. Shares rose 17 percent as AI and enterprise sales drive growth.
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ATLASSIAN CORP-CL A raised its annual revenue growth forecast to 24% after AI-driven enterprise sales pushed Q3 revenue to $1.79B. The revised outlook exceeds the previous 22% target as customers migrate from on-premises servers to cloud-based solutions. Investors sent shares up 17% in late evening trading, signaling confidence in Atlassian's ability to monetize generative AI features.
