The management seems very confident of growth. Are they just putting up a brave face or there is a truth in not having much impact on the company’s growth?
Bought today as was in my buying zone, growth should largely be intact and stock should hopefully bounce back after Q4 results and management’s guidance
Result seems to be good. Management also maintained the FY27 guidance of $2 billion USD revenue.
Will there be impact on the business of the Persistent Systems due to the recent adavancements made by Anthropic agents? Does the enterprises will rely on such agents in future instead of outsourcing their digital transformation?
From AI Czar David Sacks himself:
"You take a product like Salesforce that deals with all your customer contracts and revenue. You are not going to replace that with code that has been spit out of a coding assistant that has not been fully vetted.
Think about how many bug reports on Salesforce’s code base over the last 25 years. Maybe millions of them. That system has been tested across thousands of large customers and enterprises
The idea that you are just going to rip out that system and replace with code that has been probabilistically generated by an AI engine yesterday, with a small team to maintain it internally, just does not seem realistic to me"