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Atlassian shares jumped more than 20% on Friday.
Atlassian's cloud revenue grew 29% year over year, surpassing analyst estimates by $50 million.
KEY POINTS
- Data center revenue reached $561 million, exceeding expectations by $46 million.
- The company raised full-year guidance for cloud and data center growth to 26.5% and 21.5%, respectively.
- Teamwork Collection product is driving growth as customers upgrade to obtain more AI credits.
- Despite strong growth, Atlassian's net loss widened to $98.39 million from $70.81 million last year.
COMPANIES
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