10 Firms Battered by Poor Earnings, Dismal Outlook

7. Atlassian Corporation (NASDAQ:TEAM)

Atlassian Corp. dropped its share prices by 8.99 percent on Friday to finish at $208.48 apiece as investors sold off positions following its disappointing earnings performance during the past quarter of the year.

In a statement, Atlassian Corporation (NASDAQ:TEAM) said that net loss in the first quarter of the year expanded by 288 percent to $123.8 million from the $31.9 million registered in the same period last year.

Revenues, on the other hand, rose by 21 percent to $1.187 billion from $977.8 million in the same comparable period.

Atlassian Corporation (NASDAQ:TEAM) referred to its performance as a “solid start,” saying that it will continue to focus its investment and execution against its key strategic priorities of serving the enterprise, delivering AI innovation, among others.

For the second quarter of the year, Atlassian Corporation (NASDAQ:TEAM) said it expects total revenues to settle anywhere between $1.23 billion and $1.24 billion, with cloud revenue expected to grow 25.5 percent year-on-year.

For the full year 2025, the company targets to grow between 16.5 percent and 17 percent.