tech
May 1, 2026
What SaaSpocalypse? Atlassian, Twilio, and Five9 stocks soar as their AI moves deliver earnings beats
SaaS stocks have taken a hammering this year over fears AI will make some software obsolete, but earnings this week provided a more positive view.
TL;DR
- Atlassian, Twilio, and Five9 reported earnings beats, leading to substantial stock price increases.
- All three companies cited AI adoption as a reason for accelerated revenue growth.
- This positive performance challenges the 'SaaSpocalypse' narrative that AI will make some software obsolete.
- Analysts suggest the results put a dent in the 'SaaSpocalypse' fears but do not eliminate them, highlighting a potential market bifurcation.
- Atlassian's AI-powered services exceeded $1 billion in annualized revenue, and Twilio's existing customers are increasing their spending.
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