Headline: Servicenow Inc Earnings: Solid Q2 Results and Forecast Raise Show Strong Execution in Tough Environment

• ServiceNow reported solid second quarter results with a larger bookings beat and full-year guidance raise.
• Citi rated the company a buy with a price target of $734, while Barclays rated the company overweight with a price target of $644.
• ServiceNow sees subscription revenue between $8.58 billion and $8.60 billion, with an adjusted gross margin of 84%.
• For the third quarter, ServiceNow sees subscription revenue between $2.19 billion and $2.20 billion.
• Second quarter adjusted EPS was $2.37 compared to $1.62 year-over-year.
• The company ended the quarter with 45 customers with more than $20 million in annual contract value, a 55% year-over-year increase.
• ServiceNow, NVIDIA and Accenture launched AI Lighthouse, a program designed to fast-track the development and adoption of enterprise generative AI capabilities.
• The company expanded its generative AI capabilities, case summarization and text-to-code, to drive speed, productivity, and value for customers.
• ServiceNow also introduced premium SKU offerings across IT Service Management, Customer Service Management, and HR Service Delivery, available this September.

A look at Servicenow Inc Smart Scores

Servicenow Inc has recently been given a Smartkarma Smart Scores rating which gives an indication of the company’s overall outlook. The score is out of five, with a higher score indicating a better outlook. For Servicenow Inc, the scores are Value 2, Dividend 1, Growth 3, Resilience 4, and Momentum 5. This suggests that the long-term outlook for Servicenow Inc is positive.

Servicenow Inc is an enterprise information technology (IT) management software provider. The company designs, develops, and produces prepackaged computer software, cloud services, and IT service management platforms for customers throughout the United States. The Smartkarma Smart Scores rating suggests that Servicenow Inc will continue to be successful in the long-term, with a strong focus on growth, resilience, and momentum.

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