Atlassian tumbles as cautious outlook offsets strong quarterly beat

Investing.com · Louis Juricic · 2026-11-05 21:16 UTC

Atlassian tumbles as cautious outlook offsets strong quarterly beat

Investing.com -- Atlassian Corporation shares plunged at the open on Friday despite the company reporting first-quarter results that topped analyst expectations, but its cautious outlook disappointed investors.

The stock is down 10.9% as of 9:50 am ET.

The collaboration software provider reported adjusted earnings per share of $1.65, beating analyst estimates of $1.43 by $0.22. Revenue rose 24% year-over-year to $1.77 billion from $1.43 billion a year earlier, surpassing the consensus estimate of $1.71 billion. Adjusted operating margin also came in ahead of expectations at 32%, compared with the estimated 28.6%.

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