Here's How Atlassian's Shares Rose 22% in January
Shares of Atlassian (NASDAQ: TEAM) gained 22.2% last month, according to data from S&P Global Market Intelligence. The maker of business collaboration software reported second-quarter results near the end of the month, sending Atlassian's stock 10.7% higher the next day alone.
Atlassian's adjusted second-quarter earnings rose 48% year over year to land at $0.37 per share. Revenue increased by 37% to $409 million. Your average Wall Street analyst would have settled for earnings near $0.25 per share on sales in the vicinity of $389 million.
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Source Fool.com
