Atlassian (TEAM.US) jumped over 16% as its Q1 revenue rose 21% YoY in FY25 Q1.

Atlassian (TEAM.US) surged more than 16% as of writing on Friday, after the company reported its Q1 2025 results yesterday. According to GAAP, the total revenue in Q1 2025 was US$1.1878bn, up 21% from US$9778mn in Q1 2024, with subscription revenue reaching US$1.132bn, up 33% YoY. The total revenue in Q2 2025 is expected to be between US$1.233bn and US$1.241bn. The total revenue in 2025 is expected to grow YoY between 16.5% and 17.0%.

Moreover, Atlassian announced that Brian Duffy, who has nearly 20 years of experience in the technology industry, will join the company as its Chief Revenue Officer (CRO) on January 1, 2025. Brian worked at SAP for 18 years, most recently as the President of Cloud Business, during which he led the "SAP RISE" project to develop a business worth billions of dollars within two years.