Shares of Atlassian (TEAM) sank as the business software provider posted disappointing guidance and announced iℱts top sales e🦄xecutive is leaving the company.

Atlassian expects fiscal 2025 first-quarter revenue of $1.149 billion to $1.157 billion. It sees fiscal 2025 revenue ܫgrowth of 16%, below the 23% gain in fiscal 2024.

The company reported fiscal 2024 fourth-quarter adjusted earnings per share (EPS) of $0.66, with revenue up 20.5% to $1.132 billion. Both were in line with 🅰forecasts.

At𓆏lassian said that Chief Sales Officer Kevin Egan has decided to leave “and p𒅌ursue other opportunities.” The company also explained that it was looking to hire a Chief Revenue Officer.

Atlassian shares were down nearly 18% in recent trading and were at their lowest level in more than a year.