Atlassian pops 20% on better-than-expected earnings, revenue outlook

Group 1 - Atlassian shares increased by 20% in premarket trading after exceeding Wall Street's fiscal second-quarter earnings and guidance expectations [1] - Adjusted earnings were reported at 96 cents per share, surpassing the analyst projection of 76 cents per share [1] - Revenues for the quarter reached $1.29 billion, compared to the estimated $1.24 billion [1] Group 2 - For the third quarter, Atlassian anticipates revenues of $1.35 billion, exceeding the LSEG estimate of $1.31 billion [1] - The company experienced robust cloud and data center growth, driven by increased customer adoption of artificial intelligence solutions [2] - Subscription revenue grew by 30% year-over-year, with expectations of 26.5% cloud growth and 21.5% data center growth for the fiscal year [2]