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ServiceNow Posts Strong Sales and Bookings, Touts AI Strength

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ServiceNow Posts Strong Sales and Bookings, Touts AI Strength ServiceNow Inc. reported better-than-expected quarterly sales and bookings, boosting Wall Street’s hopes that the software maker’s new artificial intelligence tools will spur growth. Subscription revenue increased about 25% to $3.88 billion in the period that ended June 30, the company said Wednesday in a statement. Current remaining performance obligations, a measure of near-term bookings, jumped 21% to $13.2 billion.

ServiceNow Posts Strong Sales and Bookings, Touts AI Strength ServiceNow Inc. reported better-than-expected quarterly sales and bookings, boosting Wall Street’s hopes that the software maker’s new artificial intelligence tools will spur growth. Subscription revenue increased about 25% to $3.88 billion in the period that ended June 30, the company said Wednesday in a statement. Current remaining performance obligations, a measure of near-term bookings, jumped 21% to $13.2 billion. Both measures exceeded analyst estimates.
ServiceNow Posts Strong Sales and (ORG) Touts AI Strength ServiceNow Posts Strong Sales (ORG) Touts AI Strength ServiceNow Inc. (ORG)
Originally published by Bloomberg Technology Read original →