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.

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Source Fool.com