Atlassian shares slide about 20% as quarterly revenue outlook disappoints
Atlassian reported fiscal second-quarter revenue guidance of $1.83 billion to $1.84 billion, slightly above the $1.82 billion average projection. Its shares fell about 20% in extended trading, with analysts saying the market had expected a stronger outlook. The company reported fiscal first-quarter net income of $91 million, compared with a $52 million loss a year earlier.