Atlassian (NASDAQ: TEAM) stock has surged 166% from its 52-week low in April. The company's fourth-quarter revenue reached $1.77 billion, a 28% year-over-year increase, surpassing Wall Street's average forecast of $1.66 billion. Meanwhile, its GAAP profit hit $139.1 million, compared to a net loss of $23.9 million in the same period last year; adjusted (non-GAAP) profit was $473.1 million, up 83% year-over-year. CEO Mike Cannon-Brookes stated that the company plans to repurchase $250 million worth of shares in the open market.