Atlassian reported strong third quarter results, with total revenue of $1.79 billion and non-GAAP EPS of $1.75. The company saw an acceleration in its key Cloud segment and a significant increase in future revenue commitments.

Key Highlights

  • Cloud revenue growth accelerated to 29% year-over-year, reaching $1.13 billion, driven by seat expansion and adoption of AI-enhanced collections.
  • Remaining performance obligations (RPO), an indicator of future revenue, grew 37% year-over-year to approximately $4.0 billion.
  • The Service Collection product suite surpassed $1 billion in Annual Recurring Revenue (ARR), growing over 30% year-over-year.