Atlassian's stock has been hit hard in the "SaaS-pocalypse" sweeping software names as AI threatens to disrupt their business models.
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Atlassian
shares jumped more than 28% on Friday after the software company topped Wall Street’s expectations for the fiscal third quarter, reporting strong cloud growth and data center revenue.
Here’s how the company did compared with LSEG estimates:
Atlassian’s stock has been among the hardest hit by the “SaaS-pocalypse” this year, with shares down more than 45% year to date.
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