Atlassian Corp. projects higher revenue in the fiscal third quarter compared with the previous year as the software company sees cloud demand continuing momentum due to the Covid-19 pandemic.
Atlassian anticipates revenue of $475 million to $490 million, ahead of the $411.6 million it reported in last year's third quarter. It also topped analysts polled by FactSet's estimates of $472 million.
The company expects losses of 14 cents to 15 cents a share for the quarter, but a profit around 20 cents to 21 cents a share on an adjusted basis. Analysts were targeting a loss of 8 cents a share and an adjusted profit of 25 cents a share.
Atlassian's shares rose 3.5% after hours to $235.14.
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.
ATLASSIAN CORPORATION 
