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Count Atlassian Corp. among the recent wave of enterprise-software companies turbocharging their push into generative AI.
Examine the evolution of Atlassian's (TEAM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Atlassian's growth was strong in its most recent fiscal quarter. The company is going through a leadership change, and analysts didn't like the composition of its revenues.
Atlassian's (TEAM) third-quarter fiscal 2024 results reflect benefits from growing migrations, new customers, monthly active usage, robust cross-sell and upsell, as well as a low churn rate.
While the top- and bottom-line numbers for Atlassian (TEAM) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Atlassian (TEAM) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.54 per share a year ago.
Atlassian's (TEAM) Q3 fiscal 2024 results are likely to benefit from the rising adoption of cloud-based solutions, along with the enhancement of its portfolio through AI implementation and buyouts.
Barclays said Atlassian is seeing healthy cloud growth. The stock also seemed to benefit from good news on the inflation front that lifted the broader tech sector.
Atlassian (TEAM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Stocks may already be off to a rough start this month, but it's not too late to consider getting out of the tech stocks to sell in April. The reasons for this are twofold.