Atlassian Corporation (NASDAQ:TEAM) stock is trading higher Thursday after the company reported fourth-quarter financial results after market close.
• Atlassian stock is among today’s top performers. Why is TEAM stock surging?
Here are the key highlights.
Atlassian Q4 Results
Atlassian reported fourth-quarter revenue of $1.766 billion, up 28% year-over-year. The revenue total beat a Street consensus estimate of $1.660 billion according to data from Benzinga Pro.
Cloud revenue was $1.21 billion in the quarter, up 31% year-over-year.
The company hit Subscription ARR of $6.61 billion in the quarter, up 23% year-over-year.
Remaining performance obligations totaled $4.82 billion at the end of the quarter, up 44% year-over-year.
The company reported earnings of $1.87 per share, beating a Street estimate of $1.50 per share.
"Q4 closes out a year that proves our long-term strategy is paying off. Total revenue grew 28% year-over-year to $1.8 billion, Cloud revenue growth accelerated to 31% year-over-year, and our MCP server and Teamwork Graph CLI surpassed one million monthly active users, more than doubling in a single quarter," Atlassian CEO Mike Cannon-Brookes said.
The company ended the quarter with cash and cash equivalents of $1.24 billion.
What’s Next for Atlassian
The company is guiding for first quarter 2027 revenue in range of $1.705 billion to $1.715 billion. The Street estimate is $1.665 billion, according to Benzinga Pro.
Cloud revenue is expected to be up 28.5% year-over-year in the first quarter.
For the full fiscal year, the company expects revenue growth of 13% year-over-year, increasing to $7.420 billion. The Street estimate is $7.354 billion.
Cloud revenue for the full fiscal year is expected to be up 25.5% year-over-year.
Atlassian Stock Price Action
Atlassian stock is up 35.71% to $149.51 in after-hours trading Thursday versus a 52-week trading range of $56.01 to $189.69.
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