business / news / / Fortune
ServiceNow provides online software for companies to manage their HR, IT, and other internal functions.
ServiceNow's revenue grew from $3.46 billion in 2019 to $13.3 billion in 2025.
KEY POINTS
- 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
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