AI fears wipe $19bn from Atlassian founder’s fortune | Cannon-Brookes challenges Atlassian’s …

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Cannon-Brookes challenges Atlassian’s AI bears as shares plunge

A defensive Mike Cannon-Brookes has insisted his company Atlassian is perfectly positioned to cash in on smarter artificial intelligence, but investors continued to flee after quarterly earnings on Friday.

Presenting the Sydney-based software company’s financial results on Friday morning [AEDT] Cannon-Brookes insisted Atlassian was, “continuing to build a f***king great business”.

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Atlassian Corporation (TEAM): A Bull Case Theory

We came across a bullish thesis on Atlassian Corporation on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on TEAM. Atlassian Corporation's share was trading at $118.18 as of January 30th. TEAM’s forward P/E was 24.69 according to Yahoo Finance.

Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide. TEAM began FY2026 with robust growth and improving forward visibility, although revenue recognition is being reshaped by ongoing migration dynamics. Q1 revenue grew 21% YoY to $1.4 billion, with cloud revenue rising 26% to $998 million, representing nearly three-quarters of total revenue. Remaining performance obligations (RPO) increased 42% YoY to $3.3 billion, reflecting strong enterprise execution and elevated migration activity.

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