ServiceNow Posts 26% Revenue Growth to $2.44B on AI Product Traction
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ServiceNow reported strong quarterly revenue growth of 26% to $2.44 billion, driven by a 27% jump in subscription sales to $2.37 billion
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The company is gaining traction with its new AI products, including gen-AI solutions that outsold any other new product in the quarter
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ServiceNow formed key partnerships with Nvidia, AWS, Visa, and Ernst & Young to push its AI capabilities
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Net income increased to $295 million from $150 million a year ago
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The company expects continued momentum, with subscription sales forecast between $2.51-$2.515 billion next quarter