ServiceNow raises annual subscription revenue forecast as AI demand surges
ServiceNow raised its annual subscription revenue forecast on Wednesday, driven by growing demand for its artificial intelligence powered software solutions.
Enterprise clients turn to AI-powered software offered by companies such as ServiceNow and Salesforce to manage their IT services and automate certain business operations in a bid to save resources.
ServiceNow expects full-year subscription revenue to be between $12.84 billion and $12.85 billion, compared with its prior projection range of $12.78 billion to 12.80 billion.
