# ServiceNow provides online software for companies to manage their HR, IT, and other internal functions.

*business · news · 2026-05-08 · Fortune*

## Key points

- ServiceNow's revenue grew from $3.46 billion in 2019 to $13.3 billion in 2025.
- ServiceNow launched Action Fabric, enabling AI agents to interact with apps and use usage-based pricing.
- ServiceNow's $7.75 billion acquisition of Armis closed in April, strengthening its cybersecurity AI offerings.
- McDermott claims enterprise software is critical for AI, as enterprise data access requires such platforms.
- McDermott believes upcoming AI IPOs will bring clarity and rationality to market valuations.

**Companies:** ServiceNow, SAP, Armis, Moveworks
**Countries:** United States, Germany

[Read the full story on Fortune](https://fortune.com/2026/05/08/servicenow-ceo-bill-mcdermott/)

---

Canonical: https://newsio.io/n/c1e66589-b250-4889-93ae-0e82206cf1df/servicenow-provides-online-software-for-companies-to-manage-their-hr-it-and-othe
Summarized by Newsio from Fortune. https://newsio.io/how-it-works