Andrew to lose prince title and leave Royal Lodge; Trump heads back to the US after Xi meeting; Hamas urges Australia to remove its terror listing
Shares in Australian software giant Atlassian rose nearly 6 percent in after-hours trading after better-than-expected first-quarter results despite announcing that its chief financial officer will retire next year.
The Nasdaq-listed collaboration software maker reported revenue of US$1.43 billion ($2.18 billion), up 21 percent year-on-year; cloud revenue increased by 26 percent to $998 million.
The company currently has 3.5 million monthly active artificial intelligence users, a 50 percent increase compared to the previous quarter.
“Our relentless pace of AI innovation drives results,” said billionaire CEO Mike Cannon-Brookes, noting that the company “enables entire teams to unlock enterprise knowledge at scale” through Rovo AI capabilities.
Mike Cannon-Brookes, CEO of Atlassian.Credit:
Atlassian has appointed Tamar Yehoshua, former Slack chief product officer and Google vice president, as chief product and AI officer, effective November 17.
However, chief financial officer Joe Binz will retire on June 30, 2026, after nearly four years with the company. “We mutually decided that the time was right for a thoughtful transition,” Cannon-Brookes said.
Co-founder Scott Farquhar resigned last year, while other executives, including chairman Anu Bharadwaj, have also left recently.
