Shares in the Sydney‑born software powerhouse exploded more than 30 per cent on Friday as Atlassian beat Wall Street forecasts and posted a surprise profit. Credit: AAPCannon‑Brookes told investors he plans to buy up to $US250 million (about 0.9 per cent) of Atlassian stock. Artificial intelligence is rapidly reshaping the software industry — and Atlassian is right in the firing line. Cannon‑Brookes insists this shift won’t kill Atlassian — instead arguing AI will make its products faster, more useful and more deeply embedded in workplaces. Atlassian’s AI agent, Rovo, had grown its users by more than 50 per cent quarter-on-quarter according to Cannon-Brookes.