Atlassian (TEAM) delivered strong first-quarter financial results, exceeding revenue and earnings estimates. The company reported a 21% year-over-year revenue increase, fueled by a robust 33% growth in subscription revenue. Atlassian’s focus on AI innovation and its cloud platform are driving impressive results, with the recent launch of Rovo, an AI-powered product, contributing significantly. The company also announced a new Chief Revenue Officer and shared optimistic projections for future growth.