ServiceNow Sees Strong Sales Growth, Says AI Helps Cut Spending

ServiceNow Inc. gave an outlook for strong revenue growth and said AI is helping the company reduce costs.

Subscription revenue in the period ending in December will be about $3.43 billion, the company said Wednesday in a statement. Analysts, on average, estimated $3.41 billion, according to data compiled by Bloomberg. Current remaining performance obligation, a measure of near-term bookings, is expected to expand 23% in the quarter, also faster than projected.