US Top News and Analysis | Atlassian stock soars 20% after earnings show strong cloud, data center growth AI generated summary, Read the full article for complete information. Atlassian’s shares jumped more than 20% after the company delivered fiscal third‑quarter results that beat Wall Street expectations, posting $1.75 adjusted earnings per share versus the forecast $1.32 and $1.79 billion in revenue versus $1.69 billion anticipated. Revenue grew 32% year over year, driven by a 29% surge in cloud sales to $1.13 billion and data‑center revenue of $561 million, both surpassing estimates. Despite a 45% year‑to‑date stock decline amid the “SaaS‑pocalypse” and AI‑related concerns, Atlassian’s CEO Mike Cannon‑Brookes said the fears are overstated, noting strong customer adoption and a strategic focus on AI‑enabled products. The company also raised its full‑year guidance for cloud (26.5% growth) and data‑center (21.5% growth) revenues, while reporting a net loss of $98.4 million, wider than the prior year. Read more: https://www.cnbc.com/2026/05/01/atlassian-team-q3-stock-2026-earnings.html #Atlassian #Cannon_Brookes #WallStreet #TeamworkCollection #MikeCannonBrookes