Atlassian Corp PlcQ4 revenue rose 28% to $1.8B, ARR grew 23%, RPO climbed 44%, and Atlassian guided for a positive 4.5% GAAP operating margin in fiscal 2027.

Atlassian CFO James Chuong told investors at Citi's TMT conference that artificial intelligence is becoming a tailwind for the company, citing rising adoption of its Rovo AI capabilities, expanding cloud usage and demand for its bundled product collections. In fiscal fourth-quarter results, revenue rose 28% to $1.8 billion, annual recurring revenue grew 23% and remaining performance obligations climbed 44%, while cloud revenue growth accelerated from 26% to 31%. Rovo-assisted actions rose 50% quarter over quarter, agentic automations in Service Collection tripled over six months, and 80% of Fortune 500 companies use Rovo; Atlassian plans to begin charging for certain metered AI capabilities in December. Jira is a $2.5 billion ARR business with about 150,000 customers, Service Collection recently surpassed $1 billion in ARR and is growing more than 30% year over year, and Confluence is a $1.5 billion business with 100,000 customers. Customers who migrate from Data Center to cloud spend on average 1.75 times more after three years, and Atlassian has guided for a positive 4.5% GAAP operating margin in fiscal 2027 while growing its salesforce from about 115 representatives two to three years ago toward 400.
Atlassian Corp PlcQ4 revenue rose 28% to $1.8B, ARR grew 23%, RPO climbed 44%, and Atlassian guided for a positive 4.5% GAAP operating margin in fiscal 2027.
Citigroup Inc.