Atlassian results suggest stronger growth ahead for monday.com

Atlassian’s latest quarter showed that collaboration software can still win bigger budgets when it looks like an operating system for work, not just a task list. The company said total revenue rose 32% year over year to $1.787 billion, while cloud revenue climbed 29% to $1.132 billion and remaining performance obligations jumped 37% to $3.996 billion.

The clearest signal for monday.com is not just growth, but what kind of growth Atlassian is getting paid for. Service Collection passed $1 billion in annual recurring revenue and is still growing more than 30% year over year. Cloud seat expansion and adoption of Teamwork Collection also helped drive the quarter, which suggests customers are willing to buy more modules when the platform can show direct workflow value and a credible AI story.

That matters in a category where vendors often get lumped together as generic collaboration tools. Atlassian’s executives framed the quarter around Enterprise, AI and the System of Work, and said customers are signing bigger, longer-term commitments. In other words, the buying logic is shifting toward platforms that can connect teams, data and automation in a way finance leaders can defend internally. The software has to justify itself as infrastructure, not expense.

For monday.com, that is a useful competitive benchmark. Product teams should read it as a reminder that AI features only matter if they help customers finish work faster, reduce handoffs or consolidate tools. Sales teams should hear that platform packaging still wins when it can show measurable productivity gains and a path to expansion across more seats and more workflows. Engineers should hear the same thing in a different language: reliability, scale and performance are now part of the sales pitch, not just back-end hygiene.

Atlassian also said it recorded restructuring charges tied to rebalancing resources and consolidating leases, a sign the quarter was not only about growth but about shifting investment toward the areas it thinks can win the next cycle. That combination of stronger enterprise demand, AI adoption and resource reallocation is the kind of signal monday.com investors and employees will be watching closely. The category is not frozen by macro caution; it is rewarding vendors that can prove their software carries real work.