ServiceNow lifts guidance on AI growth
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"Every business process in every industry is being refactored for agentic AI," said ServiceNow chairman and CEO Bill McDermott in a release.
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July 23, 2025
08:29 PM
CNBC
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What caught my attention is ServiceNow posted stronger-than-expected second-quarter results and boosted its guidance due to artificial intelligence adoption
However, "Every cess in every industry is being refactored for agentic AI," said ServiceNow chairman and CEO Bill McDermott in a release
ServiceNow said budget changes at U
Government agencies could impact results
Meanwhile, In this articleNOW your favorite stocksCREATE FREE ACCOUNTBill McDermott, Chairman, President & CEO ServiceNow, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan
Meanwhile, 17th, 2024, in today's financial world
Adam Galici | CNBCServiceNow posted strong second-quarter results and lifted its guidance Wednesday
S climbed 7% ing the report
Meanwhile, Here's how the company performed compared to LSEG estimates:Earnings per : $4
In contrast, 09 adjusted vs
Moreover, 57 expectedRevenue: $3. 22 billion vs. 12 billion expectedSubscription revenues, which account for the majority of the enterprise nology company's revenues, hit $3. 11 billion and topped a $3. 03 billion forecast from StreetAccount
The company boosted its full-year subscription revenue guidance to between $12, in today's market environment. 775 billion and $12
Conversely, 795 billion as it benefits from artificial intelligence adoption
On the other hand, "Every cess in every industry is being refactored for agentic AI," said ServiceNow chairman and CEO Bill McDermott in a release
Net income grew 47% to $385 million, or $1. 84 per, from $262 million, or $1. 26 per a year ago
Revenues grew nearly 23% to $3
Additionally, 22 billion
Read more CNBC newsUK pushes Apple and Google for mobile changes to curb market powerTrump met with Amazon's Jeff Bezos at the White House last week, sources sayMicrosoft says Chinese hacking groups exploited Point vulnerability in attacksWall Street is upbeat on megacaps, but big questions loom on AI spending, China, Trump tariffsServiceNow said it anticipates a 2 percentage point hit to current remaining obligations in the third quarter due to seasonality and more customers renewing contracts in the final quarter of the year
Moreover, The company also said budget changes at U
Nevertheless, Government agencies could impact results. "While federal is a bit uncertain today versus a year ago, we're navigating it well, and we feel confident that our guidance reflects any potential changes that we're seeing," finance chief Gina Mastantuono told CNBC
In its 2024 annual earnings report, ServiceNow said one U, in this volatile climate
Federal government customer accounted for 11% of revenues
During the first quarter, its public sector grew 30%, McDermott said during the last reporting period
Additionally, Subscription revenues are expected to range between $3. 26 billion and $3
In contrast, 27 billion, ahead of a $3. 21 billion estimate from StreetAccount (noteworthy indeed)
On the other hand, Current remaining performance obligations rose nearly 25% to $10. 92 billion in the quarter.
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