ServiceNow’s Growth Accelerates, but Can AI Investments Keep Margins Intact?

3 months ago

Compounding Your Wealth

"NOW (update): Q2 rev +22.4% YoY, RPO +28.5%, cRPO +24.4%. 528 customers >$5M ACV (+20 YoY), avg ACV $14.5M. 98% renewal rate, +468% net new ARR YoY. Gross margin slipped 82.6%→81.0% on AI/data center investments but op margin rose to 29.7%. 6th consecutive Gartner leader. $275B TAM by 2026. Trades 13.3x EV/Sales, premium to CRM peers."

Related Stocks