Atlassian chief executive Mike Cannon-Brookes says the software giant is focused on reaching profitability and ending a decade of losses as a public company, buoying investors with news the company was winning contracts from competitors, despite fears AI would hurt its growth.

The stock staged a remarkable comeback on Friday, rising 25 per cent to $US85.61 in after-hours trading on Wall Street after releasing its quarterly financial report which reported revenue and adjusted earnings ahead of expectations.

Loading…