ServiceNow Reports Strong Sales Growth, AI Agent Strategy
- Shares up Thursday after initially slipping following report
- Subscription and bookings exceed analysts’ estimates
ServiceNow CEO Bill McDermott
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
ServiceNow Inc. reported strong third-quarter sales and bookings as the software company expands its suite of AI tools.
Subscription sales, which account for the bulk of ServiceNow’s revenue, increased 23% to $2.7 billion in the period, the company said Wednesday in a statement. Current remaining performance obligation, a measure of booked sales, increased 26% in the period ending Sept. 30. Both exceeded analysts’ estimates.