Atlassian rises on upbeat Q2 revenue forecast

Shares of enterprise software developer Atlassian TEAM.O rise 5.4% to $169.27 premarket

TEAM expects Q2 revenue between $1.535 bln and $1.54 bln, above analysts' average estimate of $1.51 bln, according to data compiled by LSEG

Co sees Q2 cloud revenue to grow about 22.5%

TEAM reports Q1 adj. EPS of $1.04, beating estimates of 84 cents

Co reports Q1 revenue of $1.37 bln, topping expectations of $1.40 bln

Co announces CFO Joe Binz will retire, effective June 30, 2026; adds it has commenced search for its next CFO

Up to last close, stock has fallen 34% this year