Shares in Atlassian Corp. rose slightly in after-hours trading today after the Australian collaboration software company reported earnings and revenue beats in its fiscal fourth quarter but just fell short of expectations with its revenue outlook.

For the quarter that ended on June 30, Atlassian reported adjusted earnings per share of 96 cents, up from 66 cents in the same quarter of the previous year, on revenue of $1.384 billion, up 22% year-over-year. Both figures were ahead of the 81 cents per share and revenue of $1.34 billion expected by analysts.

Cloud revenue hit $928 million in the quarter, up 26% year-over-year in a sign of strong demand for its core offerings like Jira, Confluence and Jira Service Management in cloud form. Subscription revenue came in at $1.313 billion, up 23% year-over-year, as Atlassian grew new subscriptions and sales of premium tiers

Atlassian’s operating loss in the quarter was $28.5 million, down from $67 million in the fourth quarter of fiscal year 2024 and operating income was $335.9 million, up from $222 million the year prior. The company ended the quarter with $2.9 billion in cash, cash equivalents and marketable securities on hand.

Business highlights in the quarter included Atlassian further embedding its artificial intelligence-powered assistant, Rovo, directly into its cloud ecosystem. The Rovo Dev Agent became available to customers in the Command Line Interface, embedding AI directly into developer workflows across applications such as Jira, Confluence and Bitbucket to improve automation, reduce context-switching and boost productivity.

Atlassian also deepened its AI-driven product push during the quarter, announcing a strategic partnership with Google Cloud to integrate its enterprise-grade teamwork platform with Google Cloud’s AI-optimized infrastructure. The collaboration is said to enhance Atlassian’s multi-cloud strategy and accelerate the delivery of advanced AI solutions to millions of users.

The company also broadened its portfolio with the general availability of Atlassian Talent, a workforce planning app designed to provide leaders with dynamic, actionable insights into their teams. The service delivers better alignment between strategy and resource allocation.

“AI is fundamentally changing the way we work and creating significant tailwinds for Atlassian in the process,” said Mike Cannon-Brookes, chief executive officer and co-founder of Atlassian, in the company earnings release. “With our world-class cloud platform underpinned by the breadth and depth of our Teamwork Graph and Rovo’s AI capabilities at the center, we are uniquely positioned to help every team unleash enterprise knowledge at scale.”

For its full fiscal year, Atlassian reported adjusted earnings per share of $3.68, up from $2.93 in the previous fiscal year, on revenue of $5.2 billion, up 20% year-over-year.

For its fiscal 2026 first quarter, Atlassian expects revenue of $1.396 billion to $1.403 billion, below the $1.41 billion expected by analysts.

Alongside the results, Atlassian also announced that company president Anu Bharadwaj will be leaving at the end of the year. Bharadwaj joined Atlassian almost 12 years ago and during that time held positions including head of product, chief operating officer and then president. Atlassian credits Bharadwaj as being a driving force behind Atlassian’s shift from on-premise to cloud, spearheading its cloud platform strategy and most recently playing a key role in shaping Atlassian’s System of Work strategy.

A replacement for Bharadwaj has not yet been named by Atlassian.

Photo: Atlassian