ServiceNow Inc
NOW: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$383.00 | Zsng | Rmvjqsnnl |
ServiceNow Earnings: Strength Abounds With Premium AI Solutions Coming in September
ServiceNow exceeded our expectations for both revenue and profitability for its second quarter, provided good guidance for the third quarter, and raised its full-year outlook. Strong revenue paired with disciplined operations drove good margins. The firm’s performance is impressive, especially as the macro environment is unchanged. We also see a burgeoning artificial intelligence opportunity with substantially higher pricing than Pro versions that should contribute to revenue later this year.