"Rising employee costs and the shift to more remote work has increased the ever-present pressure to improve corporate productivity, which in turn has driven rising demand for productivity software that enables remote work, streamline project management and automate business tasks. The 17 productivity software stocks we track reported a strong Q2. As a group, revenues beat analysts' consensus estimates by 4.5% while next quarter's revenue guidance was in line."
"Atlassian reported revenues of $1.38 billion, up 22.3% year on year. This print exceeded analysts' expectations by 2.1%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts' EBITDA estimates but a miss of analysts' billings estimates. "We closed out FY25 delivering over $5.2 billion of revenue, generating over $1.4 billion in free cash flow, and reaching 2.3 million AI monthly active users," said Mike Cannon-Brookes, Atlassian's CEO and co-Founder."
"Started by two Australian university friends who funded their startup with credit cards, Atlassian (NASDAQ:TEAM) provides software tools that help teams plan, track, collaborate, and share knowledge across organizations. The market was likely pricing in the results, and the stock is flat since reporting. It currently trades at $169.75."
Rising employee costs and the shift to remote work have increased demand for productivity software that supports remote work, project management, and automation. The 17 tracked productivity software stocks reported a strong Q2, with group revenues beating analysts' consensus estimates by 4.5% and average share prices rising 14.3% since earnings. Atlassian reported $1.38 billion in revenue, up 22.3% year over year, exceeding expectations by 2.1%, while beating EBITDA estimates but missing billings estimates. Atlassian closed FY25 with over $5.2 billion in revenue, generated over $1.4 billion in free cash flow, and reached 2.3 million AI monthly active users. The market appears to have been pricing in the results, leaving the stock flat around $169.75.
Read at Yahoo Finance
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