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ServiceNow Earnings: AI Fuels Momentum

TheMotleyFool 
0 0 23.07.25
ServiceNow Earnings: AI Fuels MomentumPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/12e2798a-1095-4653-8f49-2a7aee633b4e.png
 

Here's our initial take on 's (NYSE: NOW) financial report.

ServiceNow handily beat analyst expectations in the second quarter, with revenue growth of 22.5% and adjusted EPS growth of 31%. Remaining performance obligations, which measures the future revenue of existing contracts with customers, soared 29% to $23.9 billion.

Artificial intelligence was a key growth driver during the quarter. "Our beat‑and‑raise quarter showcases the mission‑critical nature of the ServiceNow AI Platform. Every business process in every industry is being refactored for agentic AI," said ServiceNow CEO Bill McDermott.

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Source Fool.com

ServiceNow Inc. Stock

€110.45
2.130%
ServiceNow Inc. gained 2.130% today.
The stock is one of the favorites of our community with 120 Buy predictions and 4 Sell predictions.
With a target price of 131 € there is a slightly positive potential of 18.61% for ServiceNow Inc. compared to the current price of 110.45 €.
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