Atlassian (TEAM) Q2 Earnings: Revenue Beats Estimates, Stock Tumbles

Atlassian Corporation's stock is trading lower in after-hours session following the release of its second-quarter results, despite reporting earnings of 73 cents per share, surpassing analyst estimates, and a 21.46% increase in quarterly sales. The company also issued third-quarter guidance, expecting total revenue between $1.085 billion and $1.105 billion, and estimating full-year cloud revenue growth to be between 28.5% and 30.5% year-over-year. Atlassian's stock was down 9.38% at $231.00 in the after-hours session.