business / news / / Benzinga
ServiceNow Inc. (NYSE:NOW) on Monday outlined a path to more than $30 billion in annual subscription revenue by 2030.
ServiceNow projects over $30 billion in subscription revenue by 2030, driven by AI initiatives.
KEY POINTS
- AI-related reasoning accounts for less than 10% of ServiceNow's cost to serve customers.
- ServiceNow's Now Assist annual contract value is expected to exceed $1.5 billion by year-end 2026.
- ServiceNow anticipates maintaining gross margins above 80% even with increased AI adoption.
- Morgan Stanley estimates AI could add $400 billion to enterprise software by 2028.
COMPANIES
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