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Why Atlassian Stock Is Soaring Today

Chris Neiger, The Motley Fool
·2 min read
Why Atlassian Stock Is Soaring Today

Shares of Atlassian Corporation (NASDAQ: TEAM), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate. Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate.

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