Atlassian warns cloud growth will slow more than expected despite beating earnings estimates.

Atlassian reported fiscal Q1 revenue and earnings above estimates and raised its full-year outlook. However, the company forecasted cloud subscription growth slowing to about 27% in Q2, down from 31% growth in Q1, which spooked investors and led to a nearly 16% drop in after-hours stock price. Management attributes the slowdown to mechanical factors and macroeconomic caution, emphasizing a prudent approach amid economic uncertainty. The next quarterly report will be crucial to confirm if the slowdown is real or just conservative guidance.

Atlassian's stock price on Pluang dropped sharply by 15.27% as of Nov 07, 2026 01:41 WIB, reflecting investor reaction to the forecasted slowdown in cloud subscription growth. The stock is currently priced at USD 155.30, significantly below its 52-week high of USD 227.61. Trading volume remains active with 5,607,416 shares exchanged, indicating continued market interest despite the recent decline.