Atlassian confirmed sustained cloud business momentum through the end of fiscal 2026 during a KeyBanc conference.
Customer upgrades to the Teamwork Collection and increased Rovo AI credit usage drove recent growth. The company’s Service Collection also surpassed $1 billion in annual recurring revenue.
Management is shifting focus toward durable profitability through GAAP operating margins. Atlassian issued fiscal 2027 guidance for a 4.5% GAAP operating margin.
This target marks a significant increase from the roughly flat margins seen at the end of fiscal 2026. The company is currently managing accounting shifts from data center product sunsets and compensation mix adjustments.