10 Firms Buck Market Slump on Impressive Earnings, New Deals

3. Atlassian Corp. (NASDAQ:TEAM)

Atlassian Corp. jumped by 14.92 percent on Friday to finish at $306.78 each after posting improved earnings performance for the second quarter of fiscal year 2025.

Late on Thursday, Atlassian said it was able to narrow its net loss by 55 percent to $38.2 million from the $84.5 million registered in the same period a year ago.

Net loss per diluted share was $0.15 for the second quarter of fiscal year 2025, compared with a net loss per diluted share of $0.33 for the second quarter of fiscal year 2024.

Revenues were higher by 21 percent at $1.29 billion versus the $1.06 billion year-on-year.

However, operating loss was higher by 17 percent at $57.5 million versus $49.1 million.

For the next quarter of fiscal year 2025, Atlassian Corp. expects revenues to settle between $1.34 billion and $1.35 billion, with the cloud business expected to contribute a significant chunk of the total figure at 23.5 percent, and the data center at 7 percent.