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Benzinga
Benzinga
Business
Henry Khederian

Why Atlassian Shares Are Rising

Atlassian Atlassian Corporation

Atlassian Corporation PLC (NASDAQ:TEAM) shares are trading higher by 11.7% at $325 after the company reported better-than-expected second-quarter EPS and sales results and issued third-quarter sales guidance above estimates.

Atlassian reported quarterly earnings of 50 cents per share which beat the analyst consensus estimate of 39 cents per share. The company also reported quarterly sales of $688.53 million which beat the analyst consensus estimate of $641.32 million by 7%.

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