ServiceNow raised its full-year subscription revenue forecast on Wednesday as its enterprise customers adopt artificial intelligence-enabled cloud-based software.
A burgeoning demand for workflow automation and the company's continued efforts in generative AI helped ServiceNow drive growth.
The company projected full-year subscription revenue between $10.575 billion and $10.585 billion, above analysts' estimate of $10.565 billion, according to LSEG data.
It had previously projected between $10.560 billion and $10.575 billion for full-year subscription revenue.
On an adjusted basis, the company earned $3.13 per share during the quarter, compared with estimates of a profit of $2.84 per share.
Persons:
ServiceNow, CJ Desai
Organizations:
U.S . Army
Locations:
Prodapt