"NOW (earnings update): Q2 shows platform dominance - all top 20 deals 5+ products. AI Control Tower governs 3rd-party AI tools, making NOW central AI orchestrator. 22.5% sub rev growth, 500bp cRPO beat, 250bp margin expansion. Reinvesting AI efficiency gains ($350M+ value) into growth while preserving 30.5% margins. Creating self-funding flywheel vs competitors."
ServiceNow’s 2Q25: A Masterclass in Platform Leverage
Nikhs
July 24, 2025
Stock Idea