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Atlassian Soars, Then Falls After Beating Estimates on Top and Bottom Lines

Jacob Sonenshine

were popping Friday after the $22 billion enterprise software company beat expectations on both its top and bottom lines. "The quarter also highlighted the growing demand for Atlassian products to drive digital transformation in businesses large and small," said Co-CEO and co-founder Scott Farquhar. Subscription revenue exploded 56% year over year for the quarter, far outpacing the growth of other revenue segments.