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Barchart
Barchart
Nauman Khan

So Much for the Software Apocalypse: Atlassian Stock Surges as Data Center Revenue Grows 44%

Atlassian Team

For months, investors have worried that AI could eat into enterprise software names, especially the ones tied to developer workflows and collaboration tools. That fear helped punish a lot of software stocks. 

Atlassian (TEAM) was no exception. But the company just posted a quarter that made the doomsday trade look a lot less convincing. Shares jumped nearly 30% after the report as investors focused on stronger-than-expected demand, a big cloud beat, and data-center revenue that surged 44% year-over-year (YOY).

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