Why Atlassian Stock Jumped to a 2-Year High Today

Shares of work management software company Atlassian (NASDAQ: TEAM) jumped to a two-year high on Friday after the company reported financial results for its fiscal second quarter of 2025. Investors seem to be particularly encouraged by some big contract wins in Q2. And this is why Atlassian stock was up a whopping 18% as of 10:30 a.m. ET.Back in the first quarter, Atlassian's growth rate for deferred revenue accelerated, suggesting that it could have some revenue surprises in 2025. And that proved to be true in Q2. Management had guided for revenue of $1.241 billion, at most, for the quarter. But it surpassed this by actually generating revenue of $1.286 billion.Investors are encouraged by the manner in which Atlassian is outperforming expectations. Subscription customers spending at least $10,000 annually jumped 15% year over year. And the company had a record number of deals worth $1 million or more annually.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool