Why I Find ServiceNow Exciting in the Long Run!
Subscription revenues grew by 21% in the fourth quarter compared to the previous year, with 97% of the revenue coming from subscriptions, and the renewal rate standing at 98%, demonstrating strong customer retention.
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ServiceNow (NYSE: NOW) is currently a leader in innovation in the field of enterprise software. Their AI offerings, including orchestration and automation of advanced agents, are key to leveraging the demand for better workflow automation and cost efficiency in businesses. ServiceNow operates as a hybrid cloud model, meaning they utilize cloud providers for some of their operations but have also invested in their own data centers. Their AI-driven strategy requires an extensive technological infrastructure, and expanding their own cloud infrastructure...
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