[FLASH] Atlassian rises about 32% after a Q4 beat and a report of AI features passing 1M monthly users
Atlassian reported fiscal Q4 after the close on 6 August with EPS of $1.87 against $1.50 expected and revenue of $1.766B against $1.66B, and said monthly active users of its AI features passed one million after adoption more than doubled in the quarter; shares rose about 32% in Friday's session. It is the first large software print of this cycle where AI adoption was read as revenue support rather than as a disruption threat, against a stock that had been down roughly 53% year to date. What to watch: whether the same read extends to other developer-tools names whose declines this year were attributed to AI displacement.