What happened 

Shares of Atlassian Corporation (TEAM 1.65%), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate. 

The tech stock was up by 15.2% as of 2:43 p.m. ET. 

So what 

Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate. 

A person looking at her computer.

Image source: Getty Images.

Investors likely focused their attention on Atlassian's revenue in the quarter, which was up 36% from the year-ago quarter to $760 million and beat analysts' consensus estimate of $724 million. 

They were also happy to see that Atlassian's losses narrowed to $105.5 million, an improvement from the company's loss of $213.1 million in the year-ago quarter. 

Other bright spots include quarterly subscription revenue that increased 55% to $597 million and the addition of 8,048 customers in the quarter for a total of 242,623. 

"While we can't predict what the future holds at a macro level, we're forging ahead with conviction and vigilance as we look to deepen our strategic position," Atlassian co-founder and co-CEO Mike Cannon-Brookes said in a press release.  

Now what 

Atlassian's management issued guidance for the first quarter, with earnings per share in the range of $0.37 to $0.38 and revenue in the range of between $795 million to $810 million. 

The first-quarter earnings outlook is in line with analysts' expectations, while the company's revenue guidance is ahead of Wall Street's consensus estimate of $773.5 million. 

With the company's solid fourth-quarter results, narrowing losses, and strong guidance, it's no surprise why investors are pushing Atlassian's shares higher today.