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AAP

Derek Rose

Aussie tech firm's shares soar on 'outstanding' quarter

Atlassian United States George Chan Nasdaq Sydney

Atlassian's shares have surged after the software company beat revenue estimates. (George Chan/AAP PHOTOS)

Shares in billionaire Mike Cannon-Brookes' software company have surged after a record quarter for the US-Australian firm quelled fears about AI's impact on its business model.

Atlassian's Nasdaq-listed shares were up 32 per cent to $US146.21 in after-hours trading on Friday, their best level since January.

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