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

atlassian shares jumped more than 20% on friday after the company beat wall street's estimates for its fiscal third quarter. adjusted earnings per share came in at $1.75 versus $1.32 expected, and revenue hit $1.79 billion against $1.69 billion expected. cloud revenue jumped 29% year over year to $1.13 billion, beating the $1.08 billion estimate. data center revenue was $561 million, well above the $515 million expectation. the company raised its full-year guidance for both segments, forecasting 26.5% cloud growth and 21.5% data center growth. atlassian's stock had been down more than 45% year to date, hit by the broader sell-off in software stocks. ceo mike cannon-brookes told cnbc the concerns may be overblown, saying "they're certainly not playing out in atlassian's numbers." the company posted a net loss of $98.39 million, widening from $70.81 million a year ago.