Shares of Atlassian (TEAM) sank as the business software provider posted disappointing guidance and announced its top𒊎 sales executive is leaving the comꦏpany.

Atlassian expects fiscal 2025 first-quarter revenue of $1.149 billion to $1.157 🌞billion. It sees fiscal 2025 rev🍎enue growth 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.

Atlassian said that Chief Sales Officer Kevin Egan has decided to leave “and pursue other oppo🐼rtunities.” 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.