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Atlassian shares rally as Cannon-Brookes focuses on profitability, AI
Atlassian chief executive Mike Cannon-Brookes says the software giant is focused on reaching profitability and ending a decade of losses as a public company, buoying investors with news the company was winning contracts from competitors, despite fears AI would hurt its growth.
The stock staged a remarkable comeback on Friday, rising 24 per cent to $US84.97 in after hours trading on Wall Street after releasing its quarterly financial report which reported revenue and adjusted earnings ahead of expectations.
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