ServiceNow Ups Annual Subscription Revenue Projection Amid Growing Demand for AI-Driven Tools — TradingView News

ServiceNow (NOW) has raised its annual subscription revenue forecast, reflecting strong demand for its AI-enabled software solutions that automate digital operations. Following this announcement, shares surged over 7%. The company expects its third-quarter subscription revenue to surpass Wall Street estimates, projecting between $3.26 billion and $3.27 billion. Despite economic uncertainties tied to U.S. trade policies, ServiceNow continues to thrive, having recently acquired AI firm Moveworks for $2.85 billion, which is currently under regulatory review. The company signed contracts with six new public sector customers, highlighting its strong market presence. However, it anticipates a 200 basis points negative impact on performance obligations due to an atypical number of customer contract expirations in Q4. ServiceNow’s revised annual revenue forecast is now between $12.78 billion and $12.80 billion, marking an upward adjustment from previous estimates, underscoring its pivotal role in the ongoing AI-driven enterprise solutions market.

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