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Here's How Atlassian's Shares Rose 22% in January

TheMotleyFool

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Here's How Atlassian's Shares Rose 22% in JanuaryPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Shares of Atlassian (NASDAQ: TEAM) gained 22.2% last month, according to data from S&P Global Market Intelligence. The maker of business collaboration software reported second-quarter results near the end of the month, sending Atlassian's stock 10.7% higher the next day alone.

Atlassian's adjusted second-quarter earnings rose 48% year over year to land at $0.37 per share. Revenue increased by 37% to $409 million. Your average Wall Street analyst would have settled for earnings near $0.25 per share on sales in the vicinity of $389 million.

Image source: Getty Images.

Source Fool.com

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