As SaaS stocks set new records, Atlassian’s earnings show there’s still room to grow

INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.SaaS stocks had a good
run in late 2019
A Technology News Room covered their ascent, a recovery from early-year doldrums and a summer slowdown
In 2020 so far, SaaS and cloud stocks have surged to all-time highs
The latest records are only a hair higher than what the same companies saw in July of last year, but they represent a return to form all the
same.Given that public SaaS companies have now managed to crest their prior highs and have been rewarded for doing so with several days of
Not so, at least according to Atlassian
The well-known software company reported earnings after-hours yesterday and the market quickly pushed its shares up by more than 10%.Why?