Despite that, it feels very slow. Not the occasional 10+ second page load, where you've accidentally clicked something that happens to generate a cascade of cache misses. I can forgive that kind of infrequent performance hiccup.
But rather, regular usage, especially of Confluence and Jira, just feels sluggish when doing bread and butter actions - adding a comment to a ticket or reloading a kanban view, loading a new page or opening the search dialog on Confluence.
Yet, everything I've heard about the responsiveness of the 'cloud' offering is that it drives people to move to the on-prem server version.