The workplace software giant’s chief executive Mike Cannon-Brookes said he was bullish about AI, but shares fell more than 17 per cent in after-hours trading.
Atlassian has posted its second consecutive quarterly profit as customers begin to pay for artificial intelligence across its products.
Revenue for the first quarter of 2026-27 rose 24 per cent to $US1.7 billion ($2.4 billion) driven by a 23 per cent increase in subscription revenue at the Nasdaq-listed software giant.
Gift articles to anyone you choose each month when you subscribe.
Compare how 2 other independent news outlets reported on this story.
Merck's immunotherapy Keytruda, including a newer injectable form of the drug, showed stronger-than-expected sales.
Samsung made a record 107.4 trillion won in Q3 operating profit, almost all of it from chips, as AI memory demand grew.
