Latest news with #Rovo
NDTV
23-05-2025
- Business
- NDTV
These AI Tools Will Help Sort Your Post-Vacation Inbox
While planning a nine-day trip to Japan with her family earlier this spring, Lindsey Scrase was anxious to avoid the stress of work piling up in her absence. For most of her career, getting away has inevitably meant back-to-back catch-up meetings and an overflowing inbox upon return. "I want to really unplug this time," she said before the 11-hour flight. So for the first time, the chief operating officer at Checkr Inc., a San Francisco-based background-screening company, decided to outsource the slog of reentry to artificial intelligence. Not too long ago, most white-collar workers could head out on vacation without fearing the email hangover that awaited them-originally, because messages weren't accessible on everyone's phones yet and, even after, because 9-to-5 boundaries were better established. But today's always-on workplace cultures-accelerated by the rise of remote work-have blurred those lines. Now a growing number of companies have rolled out tools designed to quickly catch up busy managers and staff who (gasp!) mute alerts on holiday. Microsoft Corp.'s Copilot, one of the most prominent offerings, costs users $30 a month, while Google's Gemini and Atlassian Corp.'s Rovo are bundled with enterprise subscriptions; the latter now counts 1.5 million monthly AI users, up 50% from the previous quarter. "One of the barriers to taking vacation is you don't want to miss things or be a bottleneck," says Melanie Rosenwasser, chief people officer at Dropbox Inc., which has expanded beyond its core file-storage business into AI offerings, including ones that help with post-vacation reentry. "These tools remove some of that guilt." (Never much of a vacationer before adopting the tools herself, she recently took a five-day trip to Tampa, Florida, for Yankees spring training.) Sandra Humbles, chief learning officer at pharmaceutical company Johnson & Johnson, says AI has helped her draw firmer boundaries around work for about a year now. "I've got 30% of my time back," she says, crediting Copilot with automating tasks like email triage and project planning. The shift has made it easier for Humbles, who lives in Dallas, to log off fully during weekends and time off. "You get back up to speed in 10 minutes." Humbles credits her "digital specialist"-a younger, tech-savvy colleague whom others might call an executive assistant-for helping her adopt the tools early. Some executives have pressure-tested AI tools over even longer breaks. When Erin DeCesare, chief technology officer at office catering company ezCater Inc. in Boston, took a six-week sabbatical from Thanksgiving to New Year's, she started her catch-up process by giving AI startup Glean Technologies Inc.'s tool a simple prompt: "Give me a synopsis of all my key team Slack channels and meeting transcripts-what's still outstanding, what are people worried about?" She followed up with several additional prompts to the bot, which had access to her messaging platforms and documents. Soon, DeCesare had a one-page readout of key decisions made while she was out, as well as a sentiment analysis of her colleagues' communications that allowed her to quickly figure out what was most urgent. "I knew what to prioritize from Day 1," she says. "That gave me a ton of peace of mind." The market for AI productivity tools was valued at almost $9 billion last year and is projected to surpass $36 billion globally by 2030, according to Grand View Research Inc. It's just one of the millions of ways, big and small, that AI is changing the way we do our jobs. Still, despite the buzz, overall adoption of such products remains limited: Just 16% of American workers say they use AI on the job, according to a recent Pew Research Center survey. Not everyone wants AI reading all their correspondence, for one. For workers handling sensitive or confidential information-such as HR professionals, legal teams or client-facing executives-the idea of such a tool combing through private messages raises red flags about data exposure and compliance risk. Also a challenge: AI tools still struggle with tone, sarcasm and context, making it risky to have them summarize threads or suggest responses. And even the most advanced programs have blind spots, especially in fast-moving workplaces where not every conversation is recorded (which, some would argue, isn't necessarily a bad thing). For AI to work smoothly, key meetings need to be transcribed, and decisions must be captured in places the tools can actually read, not at watercoolers or in hallways where they may be hashed out. DeCesare says she realized the AI missed things shared only in direct conversations, such as employee successes, so she created a dedicated teamwide kudos channel on Slack where workers could post achievements, allowing the AI to gather not only what's going sideways but also what's going well. The process saved time, she says. "What was amazing about this is that none of my team had to put status updates together for me," DeCesare says. "That would've been a huge lift for the team in the past." For Scrase, Checkr's COO, trialing the tools during her Japan trip paid off. AI summarized her Slack threads and calls, helping her jump back into work quickly. It also proved to be a savvy assistant even outside the office-where it planned parts of the trip itself, she says, down to which side of the train to sit on for the best views of Mount Fuji. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Yahoo
16-05-2025
- Business
- Yahoo
TEAM Q1 Earnings Call: Cloud Expansion, AI Integration, and Evolving Go-to-Market Drive Outlook
IT project management software company, Atlassian (NASDAQ:TEAM) met Wall Street's revenue expectations in Q1 CY2025, with sales up 14.1% year on year to $1.36 billion. The company expects next quarter's revenue to be around $1.35 billion, close to analysts' estimates. Its non-GAAP profit of $0.97 per share was 5.2% above analysts' consensus estimates. Is now the time to buy TEAM? Find out in our full research report (it's free). Revenue: $1.36 billion vs analyst estimates of $1.35 billion (14.1% year-on-year growth, in line) Adjusted EPS: $0.97 vs analyst estimates of $0.93 (5.2% beat) Adjusted Operating Income: $348.3 million vs analyst estimates of $321.9 million (25.7% margin, 8.2% beat) Revenue Guidance for Q2 CY2025 is $1.35 billion at the midpoint, roughly in line with what analysts were expecting Operating Margin: -0.9%, down from 1.5% in the same quarter last year Free Cash Flow Margin: 47%, up from 26.6% in the previous quarter Billings: $1.53 billion at quarter end, up 2.5% year on year Market Capitalization: $57.98 billion Atlassian's first quarter results reflected ongoing momentum in its cloud business and rising adoption of AI-powered features. CEO Mike Cannon-Brookes attributed the quarter's performance to rapid advancements in the company's AI platform, Rovo, and a continued emphasis on enterprise customers. Management highlighted that embedding Rovo into core products has already led to over 1.5 million monthly active AI users, and that premium enterprise editions are seeing significant uptake, with sales up more than 40% year-over-year. Looking ahead, management explained that the decision to broadly include Rovo is intended to accelerate user adoption, even if it may defer some near-term monetization. CFO Joe Binz stated, 'We remain confident and on track to the plans we laid out at Investor Day,' reaffirming Atlassian's multi-year revenue growth targets. Executives pointed to expanded enterprise offerings, cloud migrations, and continued product innovation as key drivers for the company's full-year outlook, while also noting increased deal complexity and a cautious approach to macroeconomic risk. Atlassian's leadership focused on the integration of AI, expansion of enterprise offerings, and enhancements to its cloud platform as primary factors shaping the quarter. AI Platform Expansion: The integration of Rovo AI into core products is increasing user engagement, with over 1.5 million monthly active AI users. Management sees this as a foundation for long-term growth and wider platform adoption. Enterprise Customer Growth: Sales of premium and enterprise cloud editions grew by more than 40% year-over-year, reflecting heightened demand from larger, more complex customers. The company noted that enterprise customers now account for over 40% of sales, up from 15% five years ago. Cloud Migration Progress: Atlassian achieved FedRAMP Moderate authorization, enabling it to serve U.S. federal government customers and partners. The launch of Atlassian Government Cloud and Isolated Cloud addresses customers with high security and compliance requirements, supporting continued migrations from data center to cloud. Operational Efficiency Gains: Engineering investments have improved cloud gross margins, with management attributing these gains to optimized infrastructure and support costs. These efficiency improvements are expected to be structural and sustainable. Go-to-Market Evolution: The appointment of a new Chief Revenue Officer is expected to further align the company's sales approach with enterprise needs. Leadership indicated that ongoing changes in go-to-market strategy are necessary to address a diversified and expanding customer base. Management's outlook centers on expanding cloud adoption, embedding AI across the product suite, and capturing more enterprise business, while balancing efficiency and risk. AI Adoption and Monetization: Embedding Rovo AI throughout Atlassian's platform is expected to increase user engagement and drive future upgrades, though management is patient with near-term monetization as adoption ramps up. Enterprise Expansion and Migrations: Continued focus on large, complex customers and facilitating migrations from data center to cloud are expected to contribute to multi-year revenue growth and support Atlassian's long-term targets. Evolving Deal Complexity: Management noted that longer sales cycles and greater deal complexity, particularly among enterprise accounts, may impact revenue recognition timing and require ongoing investments in sales and support resources. Sanjit Singh (Morgan Stanley): Asked if embedding Rovo AI in core products would affect Atlassian's long-term growth targets. Management said maximizing user adoption supports durable growth and that multi-year targets remain intact. Gregg Moskowitz (Mizuho): Questioned the impact of late-closing enterprise deals on cloud revenue. CFO Joe Binz explained the timing led to some deferred revenue recognition, but underlying demand and billings remain healthy. Mark Cash (Raymond James): Inquired about the effects of cloud migrations and changes to data center contract durations. Management expects stronger migration contributions in future years, with ongoing data center growth driven by pricing and expansion. Keith Bachman (BMO): Sought clarity on risk adjustments in guidance and the impact of bundled pricing (Teamwork Collection) on long-term growth. Management said guidance remains conservatively risk-adjusted and views bundling as a long-term growth driver by simplifying customer purchasing. Rob Oliver (Baird): Asked about the strategy behind Isolated Cloud and the margin impact of supporting single-tenant solutions. Leadership cited the need to serve customers with strict compliance requirements, while maintaining a focus on cost management and sustainable margins. In the coming quarters, the StockStory team will monitor (1) the pace of enterprise cloud migrations, particularly among government and highly regulated customers, (2) growth in adoption and usage of Rovo AI across the product suite, and (3) the impact of ongoing go-to-market changes, including the new Chief Revenue Officer's influence on large deal execution. Progress on cost optimization and structural margin improvements will also be key areas of focus. Atlassian currently trades at a forward price-to-sales ratio of 9.8×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
01-05-2025
- Business
- Yahoo
Atlassian forecasts downbeat quarterly revenue, shares drop
(Reuters) -Atlassian forecast fourth-quarter revenue below estimates on Thursday, as enterprise customers cut spending on cloud software services in a tough economy, sending its shares down over 14% after the bell. Enterprises remain cautious about spending on new software products and have kept a tight leash on costs as they grapple with high interest rates and an uncertain economy. Atlassian offers collaboration tools — such as Jira software for planning and project management, and Confluence for content creation — that serve over 300,000 customers. Rovo, Atlassian's AI assistant, which allows users to do enhanced search, learning and automation across enterprise data, will be included for free in all premium and enterprise editions for subscription products, instead of being priced at $20 monthly per user. Analysts have said that providing Rovo for free could imply less direct monetary leverage for Atlassian. For the fourth quarter, Atlassian sees revenue in the range of $1.35 billion to $1.36 billion, while analysts expect $1.36 billion, according to data compiled by LSEG. Revenue for the three months ended March 31 stood at $1.36 billion, compared with analysts' average estimate of $1.35 billion. The company posted third-quarter net loss of 27 cents per share, compared with a profit of 5 cents per share a year ago.
Reuters
01-05-2025
- Business
- Reuters
Atlassian forecasts downbeat quarterly revenue, shares drop
May 1(Reuters) - Atlassian (TEAM.O), opens new tab forecast fourth-quarter revenue below estimates on Thursday, as enterprise customers cut spending on cloud software services in a tough economy, sending its shares down over 14% after the bell. Enterprises remain cautious about spending on new software products and have kept a tight leash on costs as they grapple with high interest rates and an uncertain economy. Atlassian offers collaboration tools — such as Jira software for planning and project management, and Confluence for content creation — that serve over 300,000 customers. Rovo, Atlassian's AI assistant, which allows users to do enhanced search, learning and automation across enterprise data, will be included for free in all premium and enterprise editions for subscription products, instead of being priced at $20 monthly per user. Analysts have said that providing Rovo for free could imply less direct monetary leverage for Atlassian. For the fourth quarter, Atlassian sees revenue in the range of $1.35 billion to $1.36 billion, while analysts expect $1.36 billion, according to data compiled by LSEG. Revenue for the three months ended March 31 stood at $1.36 billion, compared with analysts' average estimate of $1.35 billion. The company posted third-quarter net loss of 27 cents per share, compared with a profit of 5 cents per share a year ago.
Axios
14-04-2025
- Business
- Axios
Inside Atlassian's biggest event ever
Atlassian was thrilled to be on the ground at our Team '25 conference in Anaheim this week alongside 5,000 customers, partners and Atlassians. The story: We've been gathering with customers since 2009 — but this was our biggest Team event yet. Atlassian, leading across markets, unveiled major capabilities to supercharge teamwork for our millions of users. The background: Our team has been working nonstop because our solutions power some of the world's biggest enterprises. These companies are under pressure to move faster — and need a partner to align their workforce, drive AI adoption and accelerate their business. Get up to date: At Team '24, we introduced our System of Work to unify business and technology teams on Atlassian's AI-powered cloud platform — and it resonated. Customers like Domino's Pizza Enterprises, Air France-KLM and Procore shared results around faster delivery and lower costs. We're not stopping there. Our 300,000+ customers need better ways to address team and data silos, information overload and ineffective communication. The solution: Atlassian's cloud platform is custom-built to power more efficient and effective teamwork with interconnected apps and AI at the core. What we announced at Team '25: 🤖 Want to unlock enterprise knowledge with AI? Rovo is now for everyone. Atlassian's AI capabilities are already redefining work for over 1 million users each month. Now, Rovo is available to all customers — bringing advanced AI-powered search, chat and agents to teams everywhere. What's in it for you: Rovo now includes Studio, a no-code/low-code app to build agents, automations, assets, and more across Jira, Confluence, and Jira Service Management. 🤝 Need all teams working in lockstep? Introducing Teamwork Collection. Teamwork Collection helps technical and business teams break down silos, adopt AI and navigate work seamlessly. Teamwork Collection includes Jira, Confluence, Loom and powerful Rovo agents to reimagine technical and business collaboration. 🚆 Leaders — struggling to keep work on track? Meet Strategy Collection. Strategy Collection connects leaders to all parts of their organizations to ensure teams are working on what matters most. The specialized collection, purpose-built for leaders and technology-driven enterprises, brings together three apps: Focus, Talent and Jira Align. Looking ahead: Many more innovations will be announced that'll help drive teamwork forward. Follow along with our Team '25 announcements. A big thanks goes out to all Atlassians, partners and sponsors who brought Team '25 to life — and to our customers for their continued trust.
