By Kimberly Chin
Atlassian Corp. projects higher revenue in the fiscal third quarter compared with the previous year as the software company sees cloud demand continuing momentum due to the Covid-19 pandemic.
Atlassian anticipates revenue of $475 million to $490 million, ahead of the $411.6 million it reported in last year's third quarter. It also topped analysts polled by FactSet's estimates of $472 million.
The company expects losses of 14 cents to 15 cents a share for the quarter, but a profit around 20 cents to 21 cents a share on an adjusted basis. Analysts were targeting a loss of 8 cents a share and an adjusted profit of 25 cents a share.
Atlassian's shares rose 3.5% after hours to $235.14.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
01-28-21 1650ET