“AI is the best thing that has happened to Atlassian,” Cannon-Brookes said after a quarter that eased fears artificial intelligence would eat its business.

Shares jumped 35 per cent higher in extended trading on Thursday (Friday AEST), as Mike Cannon-Brookes announced results that soothed investor doubts.

Many in the finance world had written off Atlassian as a canary in the coalmine for the tech industry amid an AI revolution, but the Australian-American software giant has left…