Atlassian Corp. (NASDAQ:TEAM) shares are extending Thursday’s rally on Friday, touching a new all-time high today. Here’s what you need to know.
Atlassian stock is approaching key resistance levels. Why are TEAM shares at highs?
Salesforce’s Strong Quarter Continues to Lift Enterprise Software
Salesforce Inc.’s (NYSE:CRM) second-quarter report, released after the close Wednesday, set off yesterday’s rally across enterprise software names, and that lift has carried into today. Revenue came in at $11.35 billion, topping the $11.32 billion analysts expected and marking an 11% increase from a year earlier, while adjusted earnings of $5.90 per share far exceeded the $3.27 estimate.
Looking ahead, Salesforce guided third-quarter revenue to $11.42 billion to $11.50 billion, above the $11.41 billion estimate, with adjusted earnings expected between $3.42 and $3.44 per share, ahead of the $3.37 consensus.
