Technology
ServiceNow Posts Strong Sales and Bookings, Touts AI Strength
Key Points
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.