Atlassian will be profitable in mid-2027, marking the 10th anniversary of its listing

Atlassian co-founder and CEO Mike Cannon-Brookes insists the development of new artificial intelligence technologies represents a major growth opportunity rather than a threat to the company, as analysts and investors expect the company to be profitable by mid-2027.

Cannon-Brookes was in New York on Thursday to deliver a speech marking the 10th anniversary of Atlassian’s Nasdaq listing, which came as the company struggled with a sustained share price decline. The stock has fallen 40 percent in the past year.

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