ServiceNow Defies Software Skepticism! 45% Growth in new AI Customers Confirms Market Position!
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Growth strength: Subscription revenue surged by 23% to $3.88 billion in Q2 2026, adjusted for currency. High order backlog: The short-term performance obligations (cRPO) increased by 21% to $13.20 billion. AI monetization takes hold: The annual contract value for ServiceNow AI exceeded $1 billion in the reporting quarter. The recent quarterly numbers from ServiceNow (NOW) have temporarily alleviated ongoing concerns about a structural AI disruption of the traditional license model. After hours, the stock rose by almost 5% to nearly...
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