Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Stocks in Asia fell Monday morning following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Atlassian shares rose more than 10 percent in extended trading on Thursday after the provider of collaboration software reported better-than-expected earnings for its fiscal second quarter.
Here are the key numbers:
Sales in the quarter ended Dec. 31, jumped 39 percent from a year earlier, according to a statement. Subscription revenue, its biggest segment, came in at $152.5 million, above the $150 million consensus of analysts polled by FactSet.
Atlassian also issued an optimistic forecast. For the fiscal third quarter, the company is expecting 18 cents in earnings per share, excluding certain items, on $303 million to $305 million in revenue. Analysts were looking for guidance of 18 cents in earnings and revenue of $300.7 million, according to Refinitiv. The company ended the quarter with 138,000 customers, in line with the FactSet analyst consensus.
Atlassian raised the prices of some products, including Confluence and Jira, in October.
"We see continued upside to estimates as we feel the pricing increases are not yet baked into Street expectations," Joel Fishbein, an analyst at BTIG Research, wrote in a report on Wednesday. "We have heard of minimal pushback from buyers during recent price increases, suggesting that there is ample runway to better align compensation with value creation."
But the company's products are still very affordable, even with this round of pricing changes, Atlassian president Jay Simons told CNBC in an interview on Thursday. The effects of the increases have been in line with what executives would expect, he said.
"There's not a negative reaction," he said.
Atlassian didn't see changes in the competitive landscape in the quarter, co-CEO Scott Farquhar said on a conference call with analysts on Thursday.
"We believe what we have said previously, which is that Microsoft's primary goal in acquiring GitHub was to get more of their developers into Azure. And that's what we continue to see to be the Microsoft focus, " Farquhar said.
Atlassian stock dropped amid a wider market selloff in the fourth quarter, but in the past year the shares have surged 71 percent, outperforming Salesforce, Workday and other cloud stocks. The stock ended the trading session at $92.92 per share.
Before the conference call started on Thursday, Atlassian stock was trading at $102 per share after hours. A close at that price would be an all-time high.