TEAM
NASDAQ · Technology · Software - Application · AU
Research · Sep 19, 2026
Atlassian (TEAM) Rovo AI Adoption: Assisted Actions Up 50%
Atlassian says Rovo-assisted actions rose 50% quarter on quarter and over 80% of the Fortune 500 use the AI layer, but it still does not break out Rovo revenue.
Research · Sep 3, 2026
[TEAM] Atlassian Thesis 2026: Cloud Migration and AI Integration Sustain Twenty-Percent Revenue Growth
Atlassian Corporation FY25 (Jun year-end) revenue $5.22B (+20%); op income -$130M (vs -$117M FY24); NI -$257M (improving from -$301M); EPS -$0.98 (improving from -$1.16). FCF $1.42B (essentially flat with FY24). Cloud net revenue retention rate 120%. Q4 record number of $1M+ ACV deals (+2x YoY). Teamwork Collection momentum exceeded expectations. Google Cloud partnership announced (cloud transformation + advanced AI solutions). Many enterprises consolidated onto Atlassian Cloud platform. Anu (President) transitioning at end of December (after ~12 years). $-779M FY25 buyback (+97% vs FY24). FY26 guide: consistent with prior approach (conservative + risk-adjusted on macroeconomic uncertainty + enterprise go-to-market evolution risks); confident in 20% compounded annual growth FY24-FY27 target. Cash flow correlated to non-GAAP operating income trends; non-GAAP op margin to free cash flow margin ~500bp difference over time.
Research · Sep 2, 2026
Enterprise Software Licensing Folds AI Agent Usage Into Seat Contracts
GitLab and Palo Alto Networks say they're folding AI agent usage into existing customer contracts instead of pricing agents separately, while seat counts keep rising.