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Atlassian’s AI Breakthrough: Can Teamwork Graph Become Its Hidden Moat?

Atlassian Corporation Plc reported its fourth quarter and full fiscal year 2026 financial results marked by continued revenue growth and strategic execution, with total revenue increasing 28% year-over-year to $1.8 billion and cloud revenue rising 31% to $1.2 billion. The company also reported a robust remaining performance obligation (RPO) growth of 44% to $4.8 billion and maintained a GAAP operating margin of 12%. These metrics indicate sustained demand for Atlassian’s cloud-first software offerings and the success of its transition away from legacy data center products. Atlassian emphasized growth within its enterprise business, reporting record deal sizes at $1 million, $3 million, and $5 million annual recurring revenue (ARR) thresholds. High-value customers demonstrated significant expansion, with those at the $3 million and $5 million ARR levels growing over 50% and 70% year-on-year, respectively.