, will step down from his role at the end of August to spend time with his young family and focus on philanthropy, the company says.
Set up just over two decades ago, the $76bn-plus Nasdaq-listed company is one of Australia’s most successful startups, even taking into account a significant share price slump Farquhar has three sons. The 44-year-old told analysts on an earnings call that, while it was a difficult decision, it was time to “pursue some other passions” including investing.
Cannon-Brookes responded to his co-founder on X: “Mate. Thank you. It’s been one hell of a ride. Couldn’t be prouder.”Our Australian morning briefing breaks down the key stories of the day, telling you what’s happening and why it mattersThe transition comes at a pivot point for the tech sector, with Atlassian signalling to investors that demand was surging for artificial intelligence-enabled cloud services.
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