Tag

Saaspocalypse

All articles tagged with #saaspocalypse

technology2 hours ago•4 min saved

Atlassian bets on AI-driven growth with $250m share buy despite SaaS fears

Atlassian reported a 28% revenue rise to $1.8 billion and a net profit of $139 million in the fourth quarter, easing fears about AI cannibalizing its business. CEO Mike Cannon-Brookes pledged to spend $250 million buying Atlassian shares, signaling confidence in future growth and expected margin improvements in 2027 as the stock rose after hours. The company also disclosed a 1,600-job cut and argued that customers use AI within Jira and Confluence rather than replacing its software suite.

via Financial Times|

#ai #atlassian #insider-buying

business2 months ago•10 min saved

Wix Cuts About 1,000 Jobs as AI Transformation Accelerates

Wix is laying off about 20% of its roughly 5,300-employee workforce (around 1,000 roles) to become a faster, leaner, flatter company, driven by the rapid evolution of AI and pressure from the Israeli shekel strengthening against the dollar. CEO Avishai Abrahami notes the shift includes new AI-native roles like Xengineer and Creators, and the move places Wix among tech firms citing AI as a reason for layoffs. The company emphasizes commitment to users and shareholders as it reshapes its operations amid broader AI-driven disruption in software.

via Business Insider|

#ai #avishai-abrahami #business

technology4 months ago•3 min saved

Ellison Says AI Won’t Trigger SaaSpocalypse for Oracle

Oracle chairman Larry Ellison, on the company’s earnings call, argues the AI-driven “SaaSpocalypse” won’t affect Oracle, saying the firm can use AI and agent-based software to disrupt ecosystems like healthcare and finance. CEO Mike Sicilia says Oracle is rapidly adopting AI and embedding AI agents into its SaaS offerings, stressing that customers aren’t ready to replace core systems—an optimistic stance echoed by peers who see AI transforming software rather than ending it.

via Business Insider|

#ai #larry-ellison #oracle