Feb 1 (Reuters) - Enterprise software maker Atlassian
beat second-quarter revenue estimates on Thursday,
driven by a surge in demand for its artificial intelligence
products.
Atlassian's revenue rose 21% to $1.06 billion in the three
months to Dec. 31, compared with analysts' average estimate of
$1.02 billion, according to LSEG data.
As businesses are migrating their workloads to cloud and
intensely digitizing their operations, the demand of IT services
and products is increasing, helping firms such as Atlassian.
The company posted second-quarter profit per share of 73
cents, beating analysts' estimates of 62 cents.
Atlassian, which crossed 300,000 customers in the quarter,
offers products including Jira software for planning and project
management, and Confluence for content creation, among others.
The company expects third-quarter revenue to be in the range
of $1.09 billion to $1.11 billion, compared with market
estimates of $1.07 billion.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Rashmi
Aich)
Atlassian Corporation designs, develops, licenses, and maintains software and provisions software hosting services. The Companyâs products include Jira Software and Jira Work Management, Confluence for content creation and sharing, and Jira Service Management for team service, management, and support applications. The Jira Software and Jira Work Management provides a project management system that connects technical and business teams. Confluence provides a connected workspace that organizes knowledge across all teams to move work forward. Jira Service Management is a service desk product for creating and managing service experiences for a variety of service team providers, including information technology, legal, and human resources teams. The Atlassian platform is the common technology foundation for its products that drives connections between teams, information, and workflows. Its Loom platform is a video messaging platform that helps users to communicate through shareable videos.