Atlassian Corporation announced its financial results for the second quarter of fiscal year 2025, ended December 31, 2024, on January 30, 2025. The company reported total revenues of $1.29 billion, up 21% year-over-year, surpassing the $1.24 billion estimate. Adjusted earnings per share were $0.96, ahead of the $0.76 projected by analysts.
Subscription revenue grew 30% year-over-year to $1.21 billion, driven by strong enterprise sales execution across both Cloud and Data Center offerings. Cloud revenue specifically grew 25% year-over-year, reflecting increased adoption of AI solutions and paid seat expansion.
For the third quarter, Atlassian anticipates $1.35 billion in revenue, exceeding the $1.31 billion LSEG estimate. The company also updated its fiscal year 2025 expectations, projecting 26.5% cloud growth and 21.5% data center growth, reinforcing confidence in its investments in enterprise customers, AI, and the 'System of Work' for durable, long-term growth.
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