ServiceNow Reports Strong Revenue, Outperforms AI Disruption Fears
ServiceNow reported better-than-expected quarterly subscription revenue and bookings, boosting investor confidence in its AI-driven growth. Subscription revenue rose to $3.88 billion year-over-year with a 25% increase, while current remaining performance obligations (cRPO) reached $13.2 billion.
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Topics: AI integration ServiceNow software industry stock performance