Atlassian Corporation PLC shares surged 32.89% in post-market trading, driven by the company’s fiscal fourth-quarter results that significantly exceeded Wall Street expectations across all key metrics. The collaborative software maker reported adjusted earnings of $1.87 per share, far above the analyst consensus of $1.50, while revenue jumped 28% year-over-year to $1.77 billion, beating the $1.66 billion estimate.

Cloud revenue was a standout performer, rising 31% to $1.21 billion as enterprises increasingly adopted Atlassian’s AI-powered collaboration tools. Remaining performance obligations surged 44% to $4.82 billion, signaling deepening customer commitments. The company also issued an optimistic outlook, forecasting first-quarter revenue between $1.71 billion and $1.72 billion, ahead of the $1.67 billion consensus, and projecting full-year fiscal 2027 revenue growth of approximately 13%.

Further boosting investor sentiment, CEO and Co-Founder Mike Cannon-Brookes announced plans to purchase up to $250 million in Atlassian shares, underscoring management’s confidence in the company’s trajectory. The results and guidance helped dispel recent concerns about AI disruption and highlighted Atlassian’s strengthening position in enterprise software.