Atlassian Corporation (NASDAQ:TEAM) stock rose Friday after the company reported upbeat second-quarter fiscal 2026 results.
Highlights
Atlassian reported revenue of $1.59 billion, beating analyst estimates of $1.54 billion, according to Benzinga Pro.
The collaboration and productivity software provider reported second-quarter adjusted earnings of $1.22 per share, beating analyst estimates of $1.14 per share.
Total revenue increased 23% year-over-year (Y/Y), driven by Cloud revenue growth of 26% Y/Y.
The company reported adjusted operating income of $430.2 million for the second quarter, versus $335.1 million in the prior year quarter, with an operating margin of 27% compared with 26% for the second quarter of fiscal …