Atlassian shares jump 30% after Q4 revenue beat and strong cloud growth forecast

Atlassian's shares surged over 30% following its fourth-quarter results that exceeded analyst expectations, with revenue reaching $1.8 billion, up 28% year-over-year. Cloud revenue grew 31% to $1.2 billion, and subscription annual recurring revenue rose 23% to $6.6 billion. The company forecasted about 25.5% cloud revenue growth for fiscal 2027, beating consensus, alongside total revenue growth of roughly 13%. Strong cash flow and a major new deal helped fuel optimism, with analysts noting CEO share purchases as a sign of confidence in the stock's valuation.