AI & Enterprise
SaaS trio deliver earnings surprises despite SaaSpocalypse fears
Software-as-a-service companies Atlassian, Twilio and Five9 posted quarterly results that beat market expectations. Their shares rose sharply, with Atlassian up as much as 25 percent, Twilio up as much as 20 percent and Five9 gaining more than 16 percent. All three cited AI as a driver of revenue growth, countering concerns that AI could let companies build SaaS tools themselves and cut demand.
