Atlassian Beats Q2 Estimates, Announces Google Cloud AI Partnership: Here Are The Details

Atlassian Corp (NASDAQ:TEAM) shares are falling in after-hours Thursday after the company announced financial results and announced a partnership with Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL).

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What Happened: Atlassian announced fourth-quarter revenue of $1.38 billion, up 22% year-over-year. The revenue beat a Street consensus estimate of $1.36 billion according to data from Benzinga Pro.

The company reported earnings per share of 98 cents, beating a Street consensus estimate of 86 cents per share.

Subscription revenue was $1.31 billion in the fourth quarter, up 23% year-over-year.

The company said its cloud revenue was $928 million in the fourth quarter, up 26% year-over-year.

Full-year revenue for Atlassian was $5.2 billion, up 20% year-over-year. ...