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However, increased investments in its systems and infrastructure, research & development, sales and marketing initiatives might have weighed on the bottom line in the fourth quarter. Robust growth in subscription revenues, aided by the solid uptake of the company’s subscription-based offerings, is likely to get reflected in the to-be-reported quarter’s results. An improvement in product quality and performance and multiple product launches, and increased pricing are likely to have boosted the firm’s performance as well. Growing traction for core products like Jira Software and Confluence Cloud and the rising adoption of new products like Jira Service Management may have acted as key catalysts. This is likely to get reflected in the fiscal fourth-quarter results. With more customers migrating to the cloud amid the ongoing work-from-anywhere and online learning wave, Atlassian has been witnessing strong demand for its premium and Enterprise edition cloud solutions. The increasing demand for the company’s cloud products from the new and existing clients using on-premises products might have acted as a tailwind. The rising adoption of TEAM’s cloud-based solutions and the massive digitalization trend in organizations, big or small, are likely to have favored the fiscal fourth-quarter performance. Atlassian Corporation PLC Price and EPS SurpriseĪtlassian Corporation PLC price-eps-surprise | Atlassian Corporation PLC Quote Factors to Note