Atlassian Shares Fall 17% on Slower Growth Forecast

Atlassian shares fell 17% in after-hours trading as the company forecast slower subscription growth to 18.5% by fiscal year-end, down from 22.5%. While fiscal 2027 first-quarter adjusted earnings per share reached $1.65 on revenue of $1.772 billion, investors reacted negatively to the revised outlook for the Australian collaboration software company.