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Atlassian (TEAM) sank 15.9% even after beating earnings — Q1 revenue hit $1.77B (+24% YoY) vs $1.71B expected, and adjusted EPS came in at $1.65 vs $1.44. Cloud revenue surged 31% to $1.30B. But investors sold on the outlook: subscription growth is set to slow to ~18.5% by fiscal year-end, and Data Center revenue is expected to fall 16%.

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