Atlassian Surpasses Q2 Revenue, EPS Forecasts
Team collaboration and productivity software specialist (NASDAQ:TEAM) 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. This robust performance was fueled by a remarkable 30% year-over-year growth in cloud revenue, surpassing management's prior guidance by nearly 4.5 percentage points.
Atlassian's overall performance this quarter reflects its continued growth trajectory, driven by strong demand for its cloud offerings and strategic investment in AI integration.
Source: Atlassian. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
Source Fool.com
Atlassian Corp. Stock
Currently there is a rather positive sentiment for Atlassian Corp. with 5 Buy predictions and 0 Sell predictions.
Based on the current price of 136.8 € the target price of 290 € shows a potential of 111.99% for Atlassian Corp. which would more than double the current price.
