Atlassian Corporation (TEAM) shares soared 19.57% in Thursday's after-hours trading session, following the company's impressive fiscal second-quarter 2025 results and an upbeat outlook.

The key details about the stock movement are as follows:

- Stock: Atlassian Corporation (TEAM)
- Movement Type: 24h Soar
- Movement Percentage: 19.57%
- Movement Time: 2025-01-30 20:09:54 (Thursday)

Here are the highlights that contributed to Atlassian's significant stock price surge:

Strong Q2 Financial Performance

For the second quarter of fiscal 2025, Atlassian reported a non-GAAP earnings per share of $0.96, beating analysts' estimates of $0.76. Revenue grew 21% year-over-year to $1.29 billion, surpassing the consensus estimate of $1.24 billion. The company's cloud revenue increased 30% year-over-year, driven by robust demand for its cloud products and increasing adoption by enterprise customers.

Raised Full-Year Guidance

Encouraged by the solid Q2 results, Atlassian raised its full-year revenue growth outlook to a range of 18.5%-19%, up from its previous guidance of around 18%. The company now expects cloud revenue growth of approximately 26.5% for fiscal 2025.

AI Integration and Enterprise Adoption

Atlassian's co-founder and CEO, Mike Cannon-Brookes, attributed the company's success to its focus on infusing AI throughout its cloud platform, enabling teams to accelerate collaboration and unlock organizational knowledge. Additionally, the company saw a 15% year-over-year increase in the number of customers with over $10,000 in cloud annual recurring revenue (ARR), indicating strong enterprise adoption.