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Shares of work management software company Atlassian (TEAM 16.79%) jumped to a two-year high on Friday after the company reported financial results for its fiscal second quarter of 2025. Investors seem to be particularly encouraged by some big contract wins in Q2.
TEAM's second-quarter fiscal 2025 results benefit from robust paid seat expansion, growing ARPU, cross-selling of additional products and strong migrations.
Atlassian (NASDAQ:TEAM) surged 17% on Friday after the collaboration software company reported stronger-than-expected quarterly earnings and revenue, with subscription growth exceeding analyst expectations. For its fiscal second quarter, Atlassian posted earnings per share of $0.96, beating Wall Street estimates of $0.62 by $0.34.
George Tsilis turns to some of the morning's biggest market moves following a slew of earnings. Atlassian (TEAM) bolstered a big rally after showing promise for A.I.
Atlassian stock rallied after Q2 showed strong revenue growth, beating expectations and lifting full-year guidance while not decelerating at all from Q1's growth pace. These strong results are a relief after direct competitor ServiceNow released a disappointing deceleration in its results, and fell ~10% in the aftermath. The company's AI product Rovo is driving strong upsells to higher tier SKUs, but potential long-term risks include reduced seat expansion due to AI-driven workforce reductions.
Atlassian Corp TEAM reported better-than-expected financial results for the fiscal second quarter after the market close on Thursday.
Atlassian shares popped more 20% in premarket trading after blowing past Wall Street's fiscal second-quarter earnings and guidance. The company reported adjusted earnings of 96 cents per share and $1.29 billion in revenues.
Atlassian posted strong Q2 results, with 21% YoY revenue growth and improved profit margins, driving a significant post-earnings rally. Management raised full-year revenue growth guidance to 19% with an implied Q4 acceleration to 20% YoY growth. Despite TEAM stock trading at the high end of my fair value range, I still see a path to market-beating returns.
Team collaboration and productivity software specialist Atlassian (TEAM -1.61%) reported fiscal year 2025 second-quarter results on Thursday, Jan. 30, that topped analysts' consensus estimates. Q2 revenue of $1.29 billion surpassed the estimated $1.24 billion mark while adjusted earnings per share came in at $0.96, outshining the anticipated $0.75.