Atlassian AI Adoption Drives 28% Revenue Growth in Q4

Earnings
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Atlassian Corporation reported fourth-quarter fiscal 2026 revenues increased 28% year over year, with cloud revenues up 31% and RPO up 44%, as strong AI adoption helped drive customer expansion. More than 80% of Fortune 500 companies now use Rovo, and Rovo-assisted actions increased 50% sequentially, while customers using Rovo are growing ARR at more than twice the rate of non-adopters. The Teamwork Graph now spans more than 200 billion objects and connections, and management said AI and the Teamwork Graph are among the top two reasons customers upgrade to the cloud. Atlassian faces stiff competition from Salesforce, whose Agentforce ARR surpassed $1 billion in the first quarter of fiscal 2027, and ServiceNow, whose AI ACV crossed $1 billion during the second quarter of 2026 and is expected to exceed $1.5 billion by year-end. TEAM shares have returned 0.5% year to date, and the Zacks Consensus Estimate for fiscal 2027 earnings is $5.52 per share, revised down 7.9% over the past 30 days.

Impact on stocks 3

Artificial Intelligence▼ · 2 stocks
Salesforce.com Inc
CRM
▼ NegativeCompetitionrelevance

Atlassian's strong AI adoption and growth highlight competitive pressure on Salesforce's Agentforce.

ServiceNow Inc
NOW
▼ NegativeCompetitionrelevance

Atlassian's AI-driven growth and Rovo adoption pose competitive threat to ServiceNow's AI offerings.

Cloud & Digital Infrastructure▲ · 1 stocks
Atlassian Corp Plc
TEAM
▲ PositiveDemandrelevance

Strong AI adoption drives 28% revenue growth, cloud revenue up 31%, and Rovo adoption expands.

Theme Impact 3

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