Atlassian shares skyrocket after earnings and revenue top estimates
Atlassian's quarterly results beat estimates, and revenue guidance also topped expectations. Atlassian TEAM shares rose more than 10 percent in extended trading on Thursday after the provider of collaboration software reported better-than-expected earnings for its fiscal second quarter. Subscription revenue, its biggest segment, came in at $152.5 million, above the $150 million consensus of analysts polled by FactSet.