The AI Effect: A Reality Check for Enterprise Software Stocks Workday, Inc. 's recent earnings report has sparked a mix of reactions among investors and industry observers.
On one hand, the company's reported revenue growth and expanding adoption of artificial intelligence (AI) solutions have been touted as evidence that AI is not a disruptor, but rather an additive force in the enterprise software market.
Workday's numbers are certainly impressive: the company reported fiscal second quarter revenue of $2. 65 billion, up nearly 13% year over year, with subscription revenue rising 13. 9%.