MARKET REPORT
Atlassian jumps more than 30% after guiding growth lower
Executive takeaway
Atlassian shares rose more than 30% after the company guided next fiscal year's revenue growth down to 18%, with investors focusing on improving margins rather than the slower top line.
Atlassian's stock gained more than 30% after management set next year's revenue growth guidance at 18%, below prior trends, according to The Motley Fool.
The report attributes the apparent contradiction to profitability: the software company's margin and profit outlook was strong enough to outweigh the slower growth forecast in investors' assessment.
Wire sources cited
Produced automatically by the INDY NEWS Desk from the public wire sources cited above, and checked against them before publication. Market commentary, not investment advice.