Atlassian Corp Plc

Revyz, a Spin.ai company, announced Revyz Command Center for Bitbucket, extending its enterprise data protection platform from Jira and Confluence to source code and pipelines in Bitbucket Cloud, alongside the appointment of Justin Leader as Head of Partnerships, Atlassian Ecosystem. The launch, announced ahead of Atlassian Team '26 Europe in Amsterdam on October 6-8, adds granular recovery of specific repositories, branches, pipelines, or issues, run-to-run diff visibility, and AI code protection. Revyz, acquired by Spin.ai in April 2026, is a Platinum Atlassian Marketplace Partner whose platform is SOC 2 Type II compliant. Justin Leader founded HyperVelocity Consulting in 2014, growing it to $24M in revenue before its acquisition by Isos Technology in 2023, where he served as VP of Product, and brings 15 years of SaaS experience to overseeing global Atlassian ecosystem partner strategy. Revyz Command Center for Bitbucket is available today, with solution partners able to access the app and co-selling support through the updated Revyz Partner Program.

SmartBear announced that its agentic QA system, BearQ, is now available as an assignable agent in Atlassian Jira, joining leading AI coding agents on the platform as an assignable agent built specifically for testing. BearQ embeds directly into the Jira workflows teams already use to assign work and keep plans coordinated, autonomously testing software as it is being developed to close the loop between the code an agent writes and the quality an agent validates. Rather than reviewing code line by line, BearQ explores the running application the way a real user would, clicking through flows, exercising edge cases, and validating behavior across the full app, not just the lines that changed. Users can assign work to BearQ, mention it in comments, and add it to workflow transitions with no manual invocation and no context switching, and they can ask BearQ to record tests and results in Zephyr, SmartBear's testing system of record for Jira. BearQ launched in March as SmartBear's agentic QA system, and SmartBear will showcase it at Atlassian Team '26 Europe, October 6-8 in Amsterdam, at booth #500.

Atlassian CFO James Chuong told investors at Citi's TMT conference that artificial intelligence is becoming a tailwind for the company, citing rising adoption of its Rovo AI capabilities, expanding cloud usage and demand for its bundled product collections. In fiscal fourth-quarter results, revenue rose 28% to $1.8 billion, annual recurring revenue grew 23% and remaining performance obligations climbed 44%, while cloud revenue growth accelerated from 26% to 31%. Rovo-assisted actions rose 50% quarter over quarter, agentic automations in Service Collection tripled over six months, and 80% of Fortune 500 companies use Rovo; Atlassian plans to begin charging for certain metered AI capabilities in December. Jira is a $2.5 billion ARR business with about 150,000 customers, Service Collection recently surpassed $1 billion in ARR and is growing more than 30% year over year, and Confluence is a $1.5 billion business with 100,000 customers. Customers who migrate from Data Center to cloud spend on average 1.75 times more after three years, and Atlassian has guided for a positive 4.5% GAAP operating margin in fiscal 2027 while growing its salesforce from about 115 representatives two to three years ago toward 400.

Atlassian Corporation says its Teamwork Graph now spans more than 200 billion objects and connections, giving the company a large base of enterprise work data to support its AI strategy. Atlassian says agents using the graph can deliver up to 44% more accurate answers while using 48% fewer tokens, and that AI and the Teamwork Graph are now among the top two reasons customers cite for upgrading to the cloud and adopting the Teamwork Collection. Teamwork Collection customers have four to five times more paid seats per instance than stand-alone Jira or Confluence customers, and Atlassian estimates about $14 billion of opportunity within its existing customer base without changing products or pricing. The Zacks Consensus Estimate for TEAM's fiscal 2027 and 2028 revenues indicates year-over-year growth of 13% and 14.8%, respectively, while the fiscal 2027 earnings estimate stands at $5.52 per share, unchanged over the past 30 days and indicating a 5.6% year-over-year decline. Atlassian faces competition from Salesforce, whose Agentforce ARR exceeded $1.5 billion in the second quarter of fiscal 2027, up 240% year over year, and from ServiceNow, whose AI annual contract value crossed $1 billion in the second quarter of 2026 and is expected to exceed $1.5 billion by the end of 2026.

Nvidia is working with Australian cloud partners on up to 2 gigawatts of AI computing capacity by 2027, expanding the chipmaker's ecosystem beyond selling processors into designing AI factories. The program involves sites designed to host several generations of Nvidia DSX infrastructure, with partners including IREN, Sharon AI, Firmus, ResetData, Megaport, CDC, NEXTDC and AirTrunk. IREN plans to apply the DSX reference architecture across its development portfolio, including its 800-megawatt Bundey campus in South Australia, while Sharon AI plans to deploy up to 68,000 Nvidia GPUs and other partners are preparing data centers, powered shells and connectivity for accelerated computing. Atlassian plans to use Nvidia's Nemotron open models, datasets and tools to customize multimodal applications and enhance Rovo, its workplace AI platform. The 2 gigawatts represents an upper target rather than completed capacity, and partners must still secure power, financing, equipment and customers while meeting construction deadlines.

Shares of enterprise software and SaaS companies, including Appian, Atlassian, Bandwidth, C3.ai, and Dynatrace, soared in afternoon trading after quarterly earnings and upbeat commentary signaled that artificial intelligence is driving growth rather than threatening legacy business models. The sector-wide rally was fueled by strong results from Salesforce, CrowdStrike, and Okta, with Salesforce's AI-powered Agentforce reaching $1.5 billion in annual recurring revenue and Slackbot surpassing 1 million active users in five months. CrowdStrike's CEO attributed momentum to AI expanding the attack surface, while Okta reported that AI-focused offerings drove about 30% of new bookings and increased contract values by roughly 40%. Among the movers, Appian jumped 8%, Atlassian rose 9.1%, Bandwidth gained 10.1%, C3.ai climbed 7%, and Dynatrace advanced 4.3%, with Salesforce surging 20%.

Atlassian Corporation is seeing strong adoption of its Rovo AI product, which could help accelerate annual recurring revenue growth. In the fourth quarter of fiscal 2026, subscription ARR increased 23% year over year, and Rovo is now used by more than 80% of the Fortune 500. Customers using Rovo are growing their ARR at more than twice the rate of those who do not, and Rovo-assisted actions increased 50% sequentially. Atlassian's Teamwork Collection offers about 10 times more Rovo credits, encouraging upgrades and seat expansion, while cloud revenues increased 31% year over year. Management estimates about $14 billion of opportunity from existing customers without changing products or pricing, and the Zacks Consensus Estimate for fiscal 2027 and 2028 revenues indicates year-over-year growth of 13% and 14.8%, respectively.

Atlassian has introduced Code Context, an AI-powered capability within the Atlassian Teamwork Graph for secure, organization-wide code discovery and understanding. The new feature is designed for large multi-repository codebases and aims to give developers and agents a unified context layer across code and related data sources. Code Context launches in open beta with support for leading version control systems and integration across the broader Atlassian ecosystem. Atlassian is a US based software company with a reported market cap of about $44.3b that builds collaboration tools to connect teams and structure their work. The recent US$1.29b shelf registration tied to an ESOP related Class A stock offering points to ongoing equity based compensation and possible dilution.

Atlassian and Cloudflare reported strong quarterly results that pushed back against Wall Street's 'SaaSpocalypse' fears over slowing enterprise software demand. Atlassian posted adjusted earnings per share of $1.87, beating the $1.50 consensus, and grew its Remaining Performance Obligations 44% year-over-year to $4.8 billion, while its CEO announced plans to personally buy up to $250 million in company stock. Cloudflare delivered second-quarter revenue of $696.1 million, up 36% year-over-year and above the $666 million estimate, and raised its full-year 2026 revenue guidance to between $2.864 billion and $2.870 billion. Hedge fund holdings in Atlassian fell from 57 funds in the fourth quarter to 44 in the first quarter, with short interest at 11.20% of the float, while Cloudflare saw institutional accumulation rise from 70 to 84 funds and short interest of just 3.09%.

Atlassian reported fiscal second-quarter revenue of $1.77 billion, surpassing analyst estimates of $1.66 billion and marking a 27.6% year-on-year increase. Adjusted earnings per share came in at $1.87, well above the $1.50 consensus, while adjusted operating income reached $636.3 million, a 24.6% beat. The company provided third-quarter revenue guidance of $1.71 billion at the midpoint, exceeding expectations of $1.66 billion. Management highlighted record large enterprise deals, with the number of customers generating over $3 million and $5 million in annual recurring revenue growing more than 50% and 70% year-over-year, respectively, and noted that Rovo AI is now used by over 80% of Fortune 500 companies.

Atlassian shares surged 37.4% after the collaboration software company reported second-quarter results that beat Wall Street expectations and issued a strong forecast. Revenue jumped 27.6% to $1.77 billion and billings rose 34.7%, driven by accelerating cloud adoption and rapid deployment of its new Rovo AI offering. Management noted that customers using Rovo are growing annual recurring revenue at more than twice the rate of non-adopters. The company guided for third-quarter revenue of $1.71 billion at the midpoint, while committing to expand GAAP operating margins through disciplined hiring. The robust 36% adjusted operating margin and record enterprise deal activity validated the long-term cloud strategy, though analysts at Bank of America and BMO Capital Markets remain cautious on the pacing of the legacy Data Center transition.

The S&P 500 and European stock markets closed at record highs, buoyed by weaker-than-expected US jobs data that reduced the likelihood of a Federal Reserve rate hike in September. The S&P 500 ended at 7,757.64, up 47.68 points or 0.62%, while Europe's STOXX 600 closed at 660.25, gaining 2.06 points or 0.31%, marking its fourth consecutive record close. The US Labor Department reported that nonfarm payrolls fell by 23,000 in July, against expectations of an 80,000 increase. Among individual stocks, SpaceX surged 15.8% after the expiration of its first post-IPO lock-up period, and Atlassian soared 35.3%, its biggest one-day gain on record.

The S&P 500 index closed at an all-time high on Friday after investors scaled back expectations that the Federal Reserve will raise interest rates in September, following July nonfarm payrolls data that fell by 23,000 jobs, contrary to Reuters expectations of an 80,000 increase. Meanwhile, the unemployment rate declined to 4.1% from 4.2% in June. Data from CME FedWatch indicated that the market reduced the probability of a Fed rate hike at its next meeting to 44% from 55% the previous day and 67% a week earlier. The Dow Jones Industrial Average closed at 54,036.93 points, up 151.83 points or 0.28%. The S&P 500 closed at 7,757.64 points, up 47.68 points or 0.62%. The Nasdaq Composite closed at 26,690.62 points, up 342.26 points or 1.30%. For the week, the Dow rose 2.96%, the S&P 500 gained 3.58%, and the Nasdaq advanced 5.19%, marking the best weekly performance since mid-April. Strong earnings also helped ease concerns about AI spending, with 85.1% of the 436 S&P 500 companies that have reported results beating analyst expectations, above the average of 68% since 1994, according to LSEG data. Notable individual stocks included SpaceX, which surged 15.8% after the end of its first lock-up period. Atlassian soared 35.3%, its biggest one-day gain on record. Microchip Technology rose 13.9%, its best daily performance in over 15 months, after both companies forecast quarterly revenue above analyst estimates. Airbnb jumped 17.4%, the top performer in the S&P 500, after reporting second-quarter revenue above expectations. Trade Desk tumbled 21.9%, the worst performer in the index, after forecasting third-quarter revenue below market expectations.

The Dow Jones Industrial Average closed up 152 points on Friday after US nonfarm payrolls came in well below expectations, easing investor concerns about Federal Reserve rate hikes. The US Labor Department reported that July employment fell by 23,000 jobs, against economists' forecasts for an increase of 80,000, while the unemployment rate dipped to 4.1% from 4.2% in June. The CME FedWatch Tool indicated the probability of a rate hike at the next Fed meeting dropped to 44% from 55% on Thursday. The S&P 500 closed at 7,757.64, up 0.62%, and the Nasdaq ended at 26,690.62, up 1.30%, with all three major indexes posting their best weekly performance since mid-April. In individual stocks, Elon Musk's SpaceX surged 15.8% after the first lockup period expired following its initial public offering in June. Atlassian jumped 35.3% and Microchip Tech gained 13.9% after forecasting higher-than-expected revenue. Airbnb rose 17.4% after second-quarter revenue beat market forecasts. In contrast, Trade Desk tumbled 21.9% after its third-quarter revenue outlook fell short of estimates.

Stocks settled higher on Friday as a weaker-than-expected US jobs report reduced fears of imminent Federal Reserve rate hikes. The S&P 500 rose 0.62%, the Dow Jones Industrial Average added 0.28%, and the Nasdaq 100 gained 1.19%. US July nonfarm payrolls unexpectedly fell by 23,000, the first decline in five months, while average hourly earnings rose just 0.1% month-over-month, below forecasts. The report lowered the probability of a rate hike at the September FOMC meeting to 44% from 58% before the data. Corporate earnings also supported the market, with Atlassian surging more than 35% after forecasting stronger-than-expected Q1 revenue, and Microchip Technology rallying over 13% on an upbeat net sales outlook.

Atlassian surged 34%, Twilio jumped 27%, and Cloudflare gained 9% after each delivered strong quarterly results and raised their growth outlooks. Bank of America upgraded Atlassian to Buy and raised its target to $175, calling the company's workflow and collaboration data an increasingly valuable AI asset. Goldman Sachs raised Cloudflare's price target to $389, citing agentic AI adoption, 36% revenue growth, and record large-customer net additions. Jefferies raised its Atlassian target to $200, while Wells Fargo raised its Twilio target to $275, reflecting broad analyst optimism across the software sector.

Doximity, Cloudflare, and Atlassian led premarket movers after reporting quarterly results that beat expectations. Doximity shares soared 66% after the professional medical networking platform reported fiscal first-quarter 2027 revenue of $156.6 million, above the $151.7 million consensus, and raised its full-year financial targets. Atlassian surged 31% after delivering a fiscal fourth-quarter earnings beat with adjusted EPS of $1.87 versus the $1.50 consensus and revenue of $1.77 billion, representing 28% year-over-year growth. Cloudflare rose 16.2% to $330.51 after raising its full-year 2026 revenue forecast to between $2.86 billion and $2.87 billion, citing resilient demand linked to artificial intelligence. Other notable gainers included PubMatic, Figs, Twilio, Airbnb, Hertz, QuinStreet, and JFrog, all of which advanced on better-than-expected results. On the downside, The Trade Desk tumbled more than 27% after its second-quarter revenue of $715.1 million missed estimates and it guided for a third-quarter revenue decline of about 12%, while Sezzle plunged 23% on a warning that revenue growth could slow to around 30% in the second half of 2026.

Several companies made significant premarket moves following their latest earnings reports. Atlassian shares jumped more than 29% after beating FactSet consensus on revenue and guidance for its fourth quarter, though its 13% year-over-year revenue growth forecast fell short of the 13.4% expectation. Wendy's dropped 2% as global sales declined more than 6%, driven by an 8.2% U.S. decline, and the company withdrew its 2026 financial outlook despite beating FactSet consensus on earnings, revenue, and adjusted EBITDA. Solar stocks rose after President Trump imposed tariffs on imported solar panel components, with First Solar up more than 5%, Invesco Solar ETF up nearly 3%, and SolarEdge Technologies up 2%. Airbnb surged nearly 7% after posting second-quarter earnings of $1.37 per share on revenue of $3.61 billion, exceeding LSEG estimates of $1.25 per share and $3.58 billion. Twilio soared more than 17% as it guided for adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion, above the $1.39 per share and $1.46 billion consensus, and raised its full-year revenue growth outlook to 18% to 18.5% from 14% to 15%, topping the 14.8% forecast. Trade Desk tumbled 27% after second-quarter adjusted earnings of 34 cents per share on revenue of $715 million missed LSEG estimates of 40 cents and $751 million. Cloudflare jumped more than 16.5% on strong guidance, expecting third-quarter adjusted earnings of 34 cents per share on revenue of $736 million to $737 million, compared with consensus of 32 cents and $722 million, and also beat second-quarter estimates. Akamai Technologies rose 8.3% after second-quarter adjusted earnings of $1.59 per share on revenue of $1.10 billion topped LSEG forecasts of $1.57 per share and $1.09 billion.

Atlassian issued its first full-year subscription ARR guidance, projecting 18% growth for fiscal 2027 alongside a GAAP operating margin target of 4.5%. For the fourth quarter of fiscal 2026, the company reported total revenue of $1.8 billion, cloud revenue of $1.2 billion, remaining performance obligations of $4.8 billion, and a GAAP operating margin of 12%. CEO Michael Cannon-Brookes highlighted record enterprise deals at the $1 million, $3 million, and $5 million levels, with $5 million ARR customers growing over 70% year-on-year. CFO James Chuong said the guidance takes a prudent approach given macro uncertainty and the lapping of the DX acquisition, while the company continues to scale its enterprise go-to-market motion and invest in AI efficiency.

Stock indexes gave up early gains and are trading mixed, with the Nasdaq 100 falling to a 2.5-month low. The S&P 500 is up 0.11%, the Dow Jones Industrial Average is up 0.54%, and the Nasdaq 100 is down 0.46%. Weakness in chipmakers is weighing on the broader market as investors rotate out of semiconductor and AI-infrastructure stocks and into beaten-down sectors such as software. The iShares Semiconductor ETF is down more than 3%, with Sandisk down more than 11% and Advanced Micro Devices and Western Digital down more than 6%. Energy producers are also sliding amid a more than 6% decline in crude oil prices after the US and Iran held off attacks for a third straight day, easing geopolitical risks. Software stocks are rallying, with Workday up more than 8% and Atlassian up more than 7%, while airline and cruise line operators are climbing on the drop in oil prices.

A sharp sell-off in chip stocks put downward pressure on the broader market Friday, with the iShares Semiconductor ETF falling more than 4 percent. The S&P 500 Index slipped 0.08 percent, the Dow Jones Industrial Average rose 0.39 percent, and the Nasdaq 100 Index dropped 1.27 percent. Chip stocks declined amid ongoing concerns about the sustainability of AI demand, even as Intel forecast a sharp short-term increase in third-quarter sales tied to data center demand. President Trump’s new tariff regime on 60 nations and his threat of additional EU tariffs also weighed on sentiment, while WTI crude oil prices fell 3 percent as oil shipments continued through the Red Sea despite Houthi threats. On the bullish side, the 10-year Treasury note yield fell 1.4 basis points, and software stocks rebounded, with Atlassian closing up more than 8 percent, ServiceNow up more than 7 percent, and Adobe up more than 6 percent.

Atlassian and CrowdStrike have posted strong one-month returns even as the Nasdaq-100 technology index fell 3.6%, dragged down by AI semiconductor stocks like Broadcom and Micron Technology. As of the market close on Friday, July 17, Atlassian shares were up 10.5% and CrowdStrike shares were up 18.9% over the prior 30 days. Atlassian, whose collaboration software products include Jira and Confluence, reported 32% year-over-year revenue growth in its fiscal 2026 third quarter, helped by demand for its new AI platform Rovo, and its stock trades at a price-to-sales ratio of 3.9, less than half its three-year average. CrowdStrike’s Falcon cybersecurity platform reached 5.5 billion dollars in annual recurring revenue in its fiscal 2027 first quarter, a 24% increase, with its Flex subscription accounting for 1.9 billion dollars and its AI Detection and Response module posting a 250% sequential jump in ARR, though the stock’s price-to-sales ratio of 40.5 is far above peers.

Atlassian has introduced new AI-native development features in Jira, including Teamwork Graph powered agent workflows. The company announced integrations with Claude Code, Cursor, and GitHub Copilot to connect Jira with popular AI coding tools, alongside updates to Jira for Slack and Loom aimed at tying AI-assisted development into everyday collaboration. These features are available at no additional cost for paid Jira Cloud customers, and a new DX AI cost management report links AI spend directly to engineering output. The launch positions Jira as a coordination hub for AI-powered engineering work, potentially deepening Atlassian's role in enterprise developer stacks and increasing switching costs.

Shares of Atlassian, Sprout Social, and Flywire rose in afternoon trading after a softer-than-expected Producer Price Index report eased inflation concerns and lifted growth stocks. June wholesale inflation fell 0.3% versus expectations for a flat reading, following a sharp 0.4% decline in consumer prices the prior session, which together shifted focus away from IBM's warning about client budget reprioritization. Atlassian jumped 3.5%, Sprout Social gained 4.2%, and Flywire climbed 5.1%, with Flywire also reaching a new 52-week high of $18.82 per share. The cooling inflation data reduced pressure on the Federal Reserve to keep interest rates high, mechanically boosting valuations for growth companies whose worth depends heavily on future cash flows.

U.S. stocks settled lower on Monday as a sell-off in South Korean chipmakers weighed on technology shares and crude oil prices surged amid renewed U.S.-Iran hostilities. The S&P 500 fell 0.79%, the Dow Jones Industrial Average lost 0.26%, and the Nasdaq 100 dropped 1.88%. South Korea's Kospi Index tumbled more than 8% after SK Hynix and Samsung Electronics plunged over 10% on concerns the artificial intelligence boom has become overextended. WTI crude oil soared more than 9% to a three-and-a-half-week high after the U.S. launched fresh missile attacks against Iran over the weekend, and Iran retaliated with strikes on targets in Jordan, Bahrain, Kuwait, and Qatar while also attacking two vessels near the Strait of Hormuz. President Trump later said the U.S. is reinstating the Iranian blockade and stopping Iranian ships from using the strait, demanding a 20% fee on all cargo for U.S. protection. Fed Governor Christopher Waller added to the pressure by saying the FOMC may need to tighten monetary policy if core inflation remains elevated. Software stocks rallied, with Atlassian up more than 8% and Intuit up over 5%, while energy producers gained as Phillips 66 and Valero Energy rose more than 5%.

The S&P 500 fell 0.67%, the Dow dropped 0.38%, and the Nasdaq 100 slid 2.14% to a one-week low, driven by a sharp selloff in semiconductor stocks after Samsung Electronics' blowout earnings failed to impress. Samsung, the world's largest memory maker by market value, closed down more than 8% in South Korea even after profit surged 19-fold, as investors question whether massive AI spending can be sustained. The iShares Semiconductor ETF fell to a four-week low and dropped more than 6%, with Astera Labs and Sandisk down more than 11%, Western Digital down more than 10%, and Applied Materials, Intel, Lam Research, and Marvel Technology down more than 9%. A jump in crude oil prices following attacks on shipping near the Strait of Hormuz also weighed on stocks, with WTI crude up more than 2%, boosting inflation expectations and pushing the 10-year Treasury yield to a three-and-a-half-week high of 4.52%. The US May trade deficit widened to $77.6 billion, the largest in 14 months, adding to negative sentiment, while New York Fed President John Williams said inflation is still quite high. Strength in software stocks provided some support, with Thomson Reuters up more than 5% and Workday and Atlassian up more than 4%.