Matthew Walker's questions to WOLTERS KLUWER N V /FI (WTKWY) leadership • Q2 2023
Question
Matthew Walker of Credit Suisse asked about the timeline for launching viable generative AI products, their deployment strategy, and potential for incremental revenue. He also questioned if the higher CapEx guidance for this year signals a new, higher baseline for future investment.
Answer
CEO Nancy McKinstry explained that a generative AI application is already live in China and future deployments will be case-by-case, driven by customer needs, with pricing supporting either retention or new revenue streams. CFO Kevin Entricken clarified that while CapEx is at the high end of the 5-6% range for 2023 due to exciting projects, it does not represent a permanent step-change from the long-term model.