Atlassian soars as the ‘SaaSpoclypse’ and tokenomics crises fail to prevent a strong year-end with context as king
What ‘SaaSpocalypse’? By any reckoning, Atlassian exits its current fiscal year performing so much better than recent events might have led many pessimists to predict. Even the short-termists on Wall Street have no room for weeping and wailing as a 35% in the firm’s post-earnings share price testified.
But only a few months ago Atlassian was among those firms supposedly served a ‘death notice’ by the rise of the AI frontier firms and their models that were, according to the meme, going to rip the heart and soul out of the traditional software and SaaS sectors, sending stocks tumbling, including Atlassian’s.
And around the same time that this doom, gloom, and delusional despondency was kicking in, Atlassian laid off around ten percent of its global workforce, some 1,600 staffers.
But only a few months later and the firm just handed in Q4 fiscal ‘26 revenue of $1.8 million, up 28%...
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