Atlassian stock soars 20% after earnings show strong cloud, data center growth

Atlassian, a software company, reported better-than-expected earnings with strong growth in cloud services (online-based software accessed over the internet) and data center revenue, causing its stock price to jump 20%. The company's success comes despite broader concerns in the tech industry about how AI tools might disrupt software businesses, with Atlassian's CEO arguing that these worries are overblown based on their strong customer demand.