Atlassian Reports Revenue Growth, Warns Of Sharp FY27 Slowdown & Buries Some Figures
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Atlassian has reported quarterly revenue of $1.77 billion for the fourth quarter of its 2026 fiscal year, representing 28 per cent growth over the prior year period, while also achieving GAAP (Generally Accepted Accounting Principles) profitability for the first time in years with an operating margin of 12 per cent. But the headline numbers paper over a more complicated picture. The company's forward guidance calls for total revenue growth to decelerate to roughly 13 per cent in fiscal 2027 – about half the pace of the year just ended – as the effects of a Data Centre end-of-life announcement and aggressive revenue pull-forward begin to unwind. Cloud revenue hit $1.21 billion in Q4, growing 31 per cent year-over-year and accelerating from 29 per cent in Q3 and 26 per cent in Q2. The company attributed the uptick to seat expansion across Jira and Confluence, cross-selling of its Service Collection and Teamwork Collection bundles, and growing adoption of its AI assistant, Rovo. For the full fiscal year, cloud revenue reached $4.41 billion, up 28 per cent, accounting for 67 per cent of total revenue. Data Centre revenue came in at $462 million for the quarter, up 21 per cent, while marketplace and other revenue totalled $91 million, up 20 per cent. Atlassian's CEO and Co-Founder, Mike Cannon-Brookes, framed the quarter around the company's AI positioning. "Q4 closes out a year...
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