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Atlassian Shares Surge on Cloud Growth
Atlassian shares surged over 35% after fiscal Q4 revenue rose 28% to $1.766 billion, beating expectations. Cloud revenue hit $1.213 billion, up 31%. The company guided fiscal 2027 cloud growth at 25.5%. CEO Mike Cannon-Brookes plans to buy up to $250 million of Class A stock.
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