Executive Summary
Atlassian CEO Mike Cannon-Brookes delivered a contrarian thesis during peak SaaS pessimism: engineering and product teams represent the only category immune to AI-driven seat reduction. While the market debates software's death, Atlassian reported 44% RPO growth acceleration for the third consecutive quarter, reaching $5-6 billion cloud revenue at 26% growth rates. Cannon-Brookes argues that AI creates a 'software development renaissance' where companies build 'radically more software than six m...
Key Investment Opportunity
AI Development Infrastructure Beneficiary
Atlassian captures increasing demand for software development tools as AI enables more software creation across enterprises, while avoiding seat compression affecting other SaaS categories
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