Atlasian Pops 20% for better than expected earnings, the prospect of revenue
Mike Cannon-Brokes, co-founder of Atlasian Corp., Sydney, Australia, December 6, 2023.
Lisa Maree Williams | Bloomberg | Getty Images
Satin The shares climbed 20% in commercial trading after the fiscal fiscal earnings and guidelines on Wall Street were blowing.
The adapted earnings arrived by 96 cents per share, on the eve of 76 cents per section projected by analysts surveyed by LSEG. Atlasian reported a $ 1.29 billion revenue, compared to an estimate of $ 1.24 billion.
In the third quarter, Atlasian said he predicted $ 1.35 billion in revenue, above the LSEG estimate of $ 1.31 billion and previous guidelines.
Atlasian has benefited from strong cloud growth and data center during the period, as more and more customers have turned to artificial intelligence solutions. This contributed to the growth of subscription to 30% during the previous year. Atlasian also said that he is now expecting 26.5% of cloud growth and 21.5% of the Fiscal Year Data Center growth.
“The momentum we see throughout the job enhances our belief in the investment we set in our key strategic priorities of the customer’s companies, AI and work systems to provide permanent, long -term growth,” said Finance Chief Joe Binz in the edition of earnings.
The shares have received almost 10% from the beginning of the year.