Oracle's Larry Ellison downplays software apocalypse fears: 'We think the SaaSpocalypse applies to others, but not to us' [Business Insider]
Workday, Inc. - Class A (WDAY)
Last workday, inc. - class a earnings: 2/27 04:01 pm
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Source: Business Insider
Become an Insider and start reading now. Have an account? Log in Fears that AI will replace traditional software tools have driven a sell-off of software stocks. Oracle Chairman Larry Ellison said he thinks it's a problem for other companies, but not his. "That's why we think the Saaspocalypse applies to others but not to us," he said on the earnings call. Oracle executives downplayed fears that AI will spell the death of software-as-a-service companies. Oracle Chairman Larry Ellison said during the company's earnings call on Tuesday that he believes the so-called Saaspocalypse will be a problem for other companies, but not his. "We have these coding tools now that allow us to build a comprehensive set of software, agent-based software, to implement to automate a complete ecosystem like healthcare or financial services," Ellison said. "That's what we're doing at Oracle. That's why we think we're a disruptor. That's why we think the Saaspocalypse applies to others but not
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WDAY
Earnings
- 2/24/26 - Beat
WDAY
Sec Filings
- 3/10/26 - Form 144
- 3/9/26 - Form 4
- 3/9/26 - Form 4
- WDAY's page on the SEC website