Atlassian reports $US1.4bn revenue, names ex-Google exec as AI chief
Atlassian has posted a 21 per cent revenue surge to $US1.4bn as artificial intelligence adoption soars, while announcing its CFO will depart.
Atlassian revenue jumped by 20 per cent, with a 50 per cent increase in its monthly active users of artificial intelligence capabilities according to the company’s latest financial results.
For the quarter ending September 30, total revenue grew to $US1.4bn, up 21 per cent year-on-year.
The company, founded by Mike Cannon-Brookes and Scott Farquhar, also reported it has more than 3.5m monthly active users its AI capabilities, which is up 50 per cent from the previous quarter.
It was also revealed that former Google executive Tamar Yehoshua will join the company in November as chief product and AI officer.
Ms Yehoshua was previously a vice president leading product and engineering teams for Google Search.
She was also chief product officer at Slack, and most recently president of product and technology at Glean.
As well, the company announced its chief financial officer Joe Binz will depart after four years in the role.
“We have mutually decided that the right time for Joe to transition out of the company is at the end of the fiscal year, June 30, 2026,” according to an investor update released on Friday.
Chief executive Mike Cannon-Brookes said in the update “everything we’ve delivered this quarter is a culmination of careful planning and bold decisions to relentlessly innovate across our entire cloud platform”.
“Our customers are choosing us as their strategic AI platform - not only for the innovation we’re shipping - but for the enterprise security, governance, and permissioning, underpinned by our Teamwork Graph and powering the business processes and workflows of over 300,000 customers,” Mr Cannon-Brookes said in a Wall Street update.
Net loss was recorded at $51.9m for the first quarter of the 2026 fiscal year, compared with net loss of $123.8m for the first quarter of fiscal year 2025.
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