ServiceNow shares rebound more than 54% from $81.24 low as Q2 subscription revenue climbs 23% to $3.975 billion
AI Market Summary
ServiceNow's rebound is being underpinned by strong fundamentals: Q2 subscription revenue rose 23% YoY to $3.975B, remaining performance obligations reached $13.2B, and renewal rates held at 98%. Deal data points to workflow consolidation and expanding wallet share, with security and ITOM featuring prominently in large transactions. AI monetization is accelerating, with AI ACV surpassing $1B, supporting improved enterprise software sentiment.
Impact level
● Medium
Affected assets
NCSKNET2USD/USDT-1.13%
AI Insight · NCSKNET2USD/USDTAI Insight
▲ Bullish
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ServiceNow shares have rebounded more than 54% from a low of $81.24. In the second quarter, subscription revenue rose 23% year over year to $3.975 billion, while remaining performance obligations stood at $13.2 billion. The company reported a 98% renewal rate and said it had 658 customers with annual contract value above $5 million. It also reported 14 IT Operations Management deals above $1 million, and noted that 16 of its top 20 deals included security products, with 15 exceeding $1 million.
