(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)
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