— Atlassian Corporation (NASDAQ: TEAM) reported second-quarter 2020 earnings of $0.37 per share, vs. $0.27 per share expected.
— Net revenue grew 37% to $408.7 million, vs. $388.93 million expected. Subscription revenue grew 50% year-over-year.
— Atlassian added 5,003 net new customers during the quarter.
— The company’s President Jay Simons, will leave Atlassian in July 2020.
— TEAM shares rose 8.6% immediately following the announcement.
