No negative impact of AI visible yet on software companies’ earnings: Report

Artificial Intelligence (AI) has not yet had a negative impact on the earnings performance of software-as-a-service (SaaS) companies, according to a report by CLSA.

The report analysed the guidance and recent quarterly performance of various SaaS companies to assess whether the rapid adoption of AI is affecting their business performance and profitability.

According to CLSA, most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming financial year.