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April 13, 2021, 4:43 p.m. EDT

Atlassian stock rises following hike in revenue outlook

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By Wallace Witkowski


Atlassian Corp. /zigman2/quotes/207177221/composite TEAM +1.46% shares rallied in the extended session Tuesday after the business collaboration software company hiked its expected revenue range for the fiscal third quarter. Atlassian shares surged 4%, following a 5% gain in the regular session to close at $242.19. The company expects preliminary third-quarter revenue of $566 million to $572 million. Analysts surveyed by FactSet, on average, expect adjusted earnings of 22 cents a share on revenue of $487.2 million. Back in January, Atlassian had forecast adjusted earnings of 20 cents to 21 cents a share on revenue of $475 million to $490 million for the third quarter. The company is scheduled to report full earnings on April 29. Atlassian's co-founder and co-CEO Scott Farquhar said in a statement that the company is "publicly sharing strong preliminary revenue results for our third quarter which were driven by short-term dynamics related to our server and data center products."

US : U.S.: Nasdaq
$ 423.20
+6.08 +1.46%
Volume: 851,372
Oct. 22, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$105.08 billion
Rev. per Employee

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