Atlassian founders $3.8b poorer as market punishes revenue miss

Atlassian has promised investors it will soon start winning more business off the world’s biggest companies after investors torched the stock on a huge earnings miss, wiping $1.9 billion off each of its founders’ personal fortunes.

The Nasdaq-listed software company plunged 13 per cent in after-hours trading after its fourth quarter and annual earnings undershot Wall Street estimates on Friday morning (AEST). It expects revenue to grow 16 per cent this financial year, having told investors in May that it would deliver 20 per cent revenue growth over the next three years.