Earlier last week, ServiceNow (NYSE:NOW) reported its second quarter results that continued to surpass market expectations. Like everyone else, ServiceNow is also stepping up its efforts within the AI space and announced several new features along with an acquisition. ServiceNow's Financials For the second quarter of the year, ServiceNow's revenues grew 23% to $2.15 billion, ahead of the market's forecast of $2.13 billion. EPS of $2.37 was also slightly ahead of the market's estimates of $2.05. By segment, subscription revenues grew 25% to $2.07 billion and professional and other services revenues fell 20% to $75 million. ServiceNow expects subscription revenues of $2.185-$2.195 billion, compared with the market's forecast of $1.39 billion. The market was looking for total revenues of $2.22 billion for the quarter. ServiceNow's G2K Acquisition ServiceNow recently reported the acquisition of Munich-based AI powered platform G2K. G2K's technology gives
Digital workflow company to add AI-based smart IoT technology provider to its portfolio in order to enable businesses to action intelligently digital and in-store data with enterprise-grade business processes.
ServiceNow to add G2K’s smart IoT technology to the Now Platform, enabling businesses to intelligently action digital and in-store data with enterprise-grade workflows
. | May 12, 2023