How did Atlassian's revenue and expenses trend in Q2 2025?

Atlassian's revenue and expenses in Q2 2025 are not currently available. However, we can analyze the available data to infer trends in revenue and expenses for this period.

1. **Revenue Trend in Q2 2025**:
- Atlassian reported a total revenue of $1.36 billion for the quarter ended March 2025, which represents a year-over-year increase of 14.1%.
- The company's subscription revenue reached $1.27 billion, reflecting an 18.8% year-over-year growth.
- Cloud revenue contributed significantly to the overall growth, with a substantial 25% year-over-year increase.
2. **Expense Trend in Q2 2025**:
- Atlassian reported a GAAP operating loss of $12.5 million for the quarter, with an operating margin of (1)%.
- However, on a non-GAAP basis, the company showed an operating income of $348.3 million and an operating margin of 26%.
3. **Insights and Analysis**:
- Atlassian's revenue growth in Q2 2025 was primarily driven by the substantial increase in cloud revenue, which contributed significantly to the overall growth of the company.
- The company's focus on strategic initiatives such as AI integration and the Atlassian System of Work likely played a role in driving revenue growth.
- Despite the operating loss on a GAAP basis, the company's non-GAAP financials indicate strong operational efficiency and profitability.
- The company's robust financial performance in Q2 2025, coupled with positive growth projections, suggests that Atlassian is well-positioned for future growth.

In conclusion, Atlassian's revenue trend in Q2 2025 was positive, with significant growth driven by the cloud segment. While the company reported an operating loss on a GAAP basis, the non-GAAP financials indicate strong operational efficiency and profitability.