Atlassian Reports 24% Revenue Growth in Q1 FY2027 and Outlines Rovo Government Cloud Roadmap
Atlassian (TEAM) reported a strong start to fiscal year 2027, with total revenue increasing 24% year-over-year to $1.8 billion. The company's transition to cloud services remains a primary driver of growth, as cloud revenue rose 31% to $1.3 billion and subscription Annual Recurring Revenue (ARR) reached $6.8 billion, representing a 23% increase. Looking ahead, the company detailed its expansion into highly regulated government sectors. Atlassian plans to submit Rovo for government cloud certification in June 2027, with a target of achieving Impact Level 5 (IL5) compliance by July 2028. This strategic move aims to capture increased market share within secure government infrastructures.
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Topics: cloud revenue earnings report revenue growth subscription ARR
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