scott farquhar cofounder and coceo of the software company atlassian speaks during a jobs and skills summit at parliament house on september 1 2022 in canberra australia the australian government is bringing together political business union and community group leaders at parliament house to address issues facing the australian economy and workforce as inflation and interest rates continue to rise atlassian shares fell as much as 22 on thursday after the collaboration software maker reported lower earnings than analysts expected and issued a disappointing outlook heres how the company did   earnings 36 cents per share adjusted vs 38 cents per share as expected according to refinitiv   revenue 8074 million vs 8064 million as expected according to refinitiv revenue increased 31 year over year in the quarter that ended sept 30 according to a statement net loss narrowed to 137 million from 4112 million one year ago thanks to a marktomarket accounting adjustment on strategic investments for the fiscal second quarter atlassian sees 835 million to 855 million in revenue below the refinitiv consensus of 8792 million the guidance assumes that macroeconomic current conditions persist through the rest of the 2023 fiscal year scott farquhar atlassians cofounder and coceo told analysts that the company has been feeling the impact of a volatile global economy the rate at which free users of atlassians software are converting to the paid offerings is cooling as is the expansion of the number of paid users at existing customers which are slowing the pace of hiring atlassian added 6550 customers resulting in a total of 249173 analysts polled by streetaccount had expected 250700 the companys competitive position relative to rivals has not been changing said cameron deatsch atlassians chief revenue officer prior to the afterhours plunge shares of atlassian had fallen 54 for the year compared with a 20 drop in the sp 500 watch companies like mongodb and atlassian are more defensive places to be says citis radke