From Financial Modeling Prep: 2025-05-02 05:22:00

Atlassian Corporation (NASDAQ:TEAM) beat Q3 earnings and revenue expectations, with $0.97 EPS and $1.36 billion revenue, up 14% YoY. However, shares dropped 16% in pre-market trading due to lower than expected Q4 guidance of $1.349-$1.359 billion, well below analysts’ $1.6 billion forecast. Cloud segment revenue grew 25% YoY.

Cloud ARR saw a 14% increase, with over 50,000 customers contributing over $10,000. CFO Joe Binz highlighted long-term growth focus on enterprise solutions, AI, and the “System of Work” platform. Concerns arose over slower cloud transition revenue and macro headwinds despite strong fundamentals, leading to a sharp sell-off.



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