business / news / / Fortune
ServiceNow plans to double its annual subscription revenue by 2030.
ServiceNow raised its 2030 subscription revenue target to over $30 billion, double its current revenue.
KEY POINTS
- ServiceNow expects AI products to contribute over 30% of total ACV by 2030.
- Now Assist's annual contract value target for 2025 was raised from $1 billion to $1.5 billion.
- AI-driven cost savings totaled $500 million in 2025, including $100 million in OpEx reductions.
- AI inference costs remain under 10% of ServiceNow's cost to serve, preserving gross margins above 80%.
COMPANIES
Summarized by Newsio from Fortune. How we summarize →