Why Nio Stock Crashed Today | The Motley Fool
Atlassian's Cloud Business Growth Rate Moderates
Atlassian's cloud-based revenue growth rate has moderated, causing a decline in stock price. The company beat revenue expectations, but fewer new customers are signing up, fewer free customers are paying up, and fewer paid customers are increasing their spending. Management expects further moderation in the cloud revenue growth rate. However, Atlassian ended its fiscal Q3 with nearly 260,000 customers, which was a net increase of about 6,600 during the quarter. If it retains and gains this many customers during challenging economic conditions, its growth could reaccelerate when the economic environment for tech companies improves.