By Reuters | Updated: October 31 2025
Oct 30 (Reuters) – Atlassian (TEAM.O) forecast second-quarter revenue above estimates on Thursday, betting on strong demand for its enterprise software services as businesses upgrade to integrate artificial intelligence, sending its shares up nearly 7% in extended trading.
Businesses rushing to adopt AI are increasingly leveling up their systems to incorporate the data-intensive tech, helping drive demand for Atlassian’s enterprise software services.
Atlassian expects revenue of between $1.535 billion and $1.54 billion in the second quarter, compared with analysts’ average estimate of $1.51 billion, according to data compiled by LSEG.
Atlassian also announced that its finance chief Joe Binz will retire, effective June 30, 2026, and the company has commenced a search for its next CFO.
The company has been looking to improve cross-selling across its portfolio of products and is working to drive demand through its own AI products such as its Rovo Dev coding agent.
Atlassian’s collaboration tools – such as Jira software for planning and project management and Confluence for content creation — serve over 300,000 customers.
Atlassian expects revenue of between $1.535 billion and $1.54 billion in the second quarter, compared with analysts’ average estimate of $1.51 billion, according to data compiled by LSEG.
Atlassian also announced that its finance chief Joe Binz will retire, effective June 30, 2026, and the company has commenced a search for its next CFO.
The company has been looking to improve cross-selling across its portfolio of products and is working to drive demand through its own AI products such as its Rovo Dev coding agent.
Atlassian’s collaboration tools – such as Jira software for planning and project management and Confluence for content creation — serve over 300,000 customers.
Reporting by Arsheeya Bajwa; Editing by Anil D'Silva
--
© Thomson Reuters 2025
