ServiceNow CEO Downplays Impact of Iran War and AI on Business
ServiceNow CEO Bill McDermott downplayed the impact of the Iran war and AI on the company's business, despite a 13% drop in after-hours trading following first-quarter results. The company reported better-than-expected revenue and earnings, though subscription revenue growth was affected by delays in the Middle East. McDermott argued that AI is a tailwind for ServiceNow rather than a threat.
Tickers: $NOW
Topics: AI impact CEO comments geopolitical concerns ServiceNow stock performance