Atlassian reported strong first quarter fiscal 2027 results, exceeding estimates across all primary financial metrics. The company delivered significant margin expansion, with non-GAAP operating margin reaching 32%, while maintaining robust growth in its core cloud and enterprise segments.
Key Highlights
- Cloud revenue reached $1,302 million, reflecting 31% year-over-year growth and outperforming the consensus estimate of $1.28 billion.
- Remaining performance obligations (RPO) surged 44% year-over-year to $4,746 million, signaling continued momentum in long-term enterprise commitments.
- Free cash flow for the quarter was $463 million, representing a 26% margin, as the company paired top-line expansion with continued operational discipline.