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LAS VEGAS - Atlassian Corporation (NASDAQ:TEAM) announced Tuesday that its cloud applications, including Jira, Confluence, and Jira Service Management, are now publicly listed on AWS Marketplace, allowing customers to discover and purchase these tools in over 150 countries and 15 currencies. The company, which has maintained impressive 19.5% revenue growth over the past year and boasts a robust 83.5% gross profit margin, continues to expand its cloud offerings.
The listing is part of a multi-year Strategic Collaboration Agreement between Atlassian and AWS announced at AWS re:Invent 2024. This partnership aims to accelerate cloud migration for enterprise users from Atlassian’s Data Center products to Atlassian Cloud. According to InvestingPro data, Atlassian has maintained a strong 26% revenue CAGR over the past five years, suggesting its cloud-focused strategy is yielding results despite the stock’s recent 26% decline over the past six months.
According to a commissioned Forrester study cited in the announcement, organizations using AWS Marketplace achieved a 70% reduction in solution discovery time, 60% faster procurement, and 30% acceleration in time-to-market.
"Accessing Atlassian’s apps through AWS Marketplace has simplified how we buy and deploy software," said Matthew Hargreaves, Head of Product Delivery and Automation at Lendi Group, noting that the integration has reduced their procurement cycle "from weeks to days."
The partnership has already yielded twelve joint integrations incorporating AWS services into Atlassian solutions, including Amazon Quick Suite MCP and AWS Security Hub with Jira Service Management. Atlassian has also migrated thousands of Jira and Confluence instances to AWS Graviton processors, which the company says results in faster performance and lower latency. While Atlassian operates with a moderate debt level and generates substantial free cash flow, InvestingPro analysis indicates the company has not been profitable over the last twelve months, highlighting the importance of these efficiency initiatives.
Future plans include giving developers on the Atlassian Forge platform access to large language models hosted on Atlassian’s cloud platform and powered by Amazon Bedrock. At launch, Forge will support three Claude 4 models – Sonnet, Opus, and Haiku.
Atlassian’s cloud platform is currently used by more than 300,000 customers globally, according to the company’s press release statement.
In other recent news, Atlassian Corporation reported better-than-expected financial results for the first quarter of fiscal 2026. The company saw strong growth in both cloud revenue and total revenue, with notable increases in seat growth for its Jira and Confluence products. These results came despite adjustments for accounting benefits related to the end-of-life of data center offerings. Additionally, Atlassian announced the completion of its acquisition of engineering intelligence firm DX, a move aimed at enhancing developer productivity and AI investment visibility.
Analysts have responded to these developments with mixed reactions. Bernstein raised its price target for Atlassian to $304, citing a stronger contribution from the Data Center end-of-life strategy. Conversely, Truist Securities lowered its price target to $210, maintaining a Buy rating but adjusting expectations based on the same end-of-life strategy. Meanwhile, Cantor Fitzgerald reiterated its Overweight rating and maintained a $240 price target, highlighting Atlassian’s cloud revenue growth and product seat increases. These recent developments reflect Atlassian’s strategic moves and financial performance in the evolving tech landscape.
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