Atlassian Corporation (TEAM) Presents at Citi's 2026 Global TMT Conference Transcript

Fatima Boolani Citigroup Inc., Research Division We are putting a close to day 2 of Citi's TMT Conference today. I'm Fatima Boolani. I jointly head up our software equity research team here. And I'm very happy to end the day with James Chuong, CFO of Atlassian. Thank you so much for being here and joining me.

James Chuong CFO & Principal Financial Officer Yes. Thanks for having me, Fatima.

Fatima Boolani Citigroup Inc., Research Division Excellent. Well, before we get into kind of the meat and potatoes of our discussion, 5.5 months in the seat, almost 6. Biggest surprises, James, in the last 5 months as CFO of Atlassian.

James Chuong CFO & Principal Financial Officer Yes, 5.5 months, so I must have all the answers at this point. But in terms of the biggest surprises, honestly, I would say that a lot of it is more about reinforcing the thesis as I came into Atlassian. When we really thought about the opportunity that AI presents, I think there was a lot of questions, a lot of noise in the market about whether that was going to be a headwind or a tailwind for Atlassian. And I think we've proven over the last couple of quarters and really even before that as well, right, with our strategy that AI is going to be a tailwind for Atlassian as customers look to really drive more and more value out of AI, understanding that Atlassian delivers an incredible graph, our Teamwork Graph, that's what's really going to be powering AI across the enterprise. And I'm excited to get into that today. But again, I would say not a lot of major surprises, but