{"id":9694,"date":"2017-10-20T01:30:22","date_gmt":"2017-10-20T01:30:22","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/atlassian-is-on-one-heck-of-a-run.html"},"modified":"2017-10-20T01:30:22","modified_gmt":"2017-10-20T01:30:22","slug":"atlassian-is-on-one-heck-of-a-run","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/atlassian-is-on-one-heck-of-a-run.html","title":{"rendered":"Atlassian is on one heck of a run"},"content":{"rendered":"


\n<\/p>\n

When Atlassian went public at the end of 2015, it was a bit of an anomaly: a tech IPO whose numbers looked quite good with some profitability<\/a>.<\/p>\n

It\u2019s been almost two years since that IPO, and since then, the company\u2019s valuation is at around $9 billion. The company popped 32% on its first day and hit a valuation of $5.8 billion<\/a>. A lot of that is thanks to an insane run this year so far, where the stock is up more than 65%. And that run continued today after reporting a financial quarter that clearly\u00a0mopped up<\/em>, finishing well above the expectations of Wall Street.<\/p>\n

Now we can tack today\u2019s 12% jump following its earnings report on to an already pretty impressive 2017. Here\u2019s what that kind of a run looks like:<\/p>\n

Here\u2019s how you might know Atlassian: while Slack gets a ton of shine in Silicon Valley, Atlassian offers a portfolio of collaboration products that also happens to include a Slack competitor. Called Stride, Atlassian launched it in September<\/a>, but that really only represents one of Atlassian\u2019s multi-pronged approach to collaboration layers. Atlassian also acquired Trello in January this year<\/a>.<\/p>\n

Atlassian\u2019s productivity tool suites include project manager JIRA, its developer collaboration tools Bitbucket, as well as Stride. Each of these clearly has a string of competitors \u2014 especially at the starutp level \u2014 as Atlassian has exposed the market opportunity to the sum of these. But clearly, while Atlassian is reporting some losses, Wall Street feels confident that its strategy is working for the time being.<\/p>\n

Here\u2019s the final slash line for the company\u2019s earnings report today:<\/p>\n