ServiceNow CEO Highlights Long-Running Partnership With Nvidia, 'Lightening Fast' AI Models That Run Inexpensively: 'We're The Unicorn'

Quick Summary:

ServiceNow beat analyst estimates on the top and bottom lines in the second quarter as revenue grew 22% and remaining performance obligations jumped 31%.“This is one platform, one clean sheet of glass that resides above 50 years of mess, and we have powered it with Gen AI,” the ServiceNow CEO said.

What To Know: Thursday on CNBC’s “Squawk On The Box,” McDermott highlighted ServiceNow’s strong quarterly performance and said the company has become the exclusive platform for enterprise AI software.

ServiceNow Inc (NYSE:NOW) shares are soaring Thursday after the company beat earnings estimates for the second quarter.

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Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: News Top Stories Bill McDermott NOW CNBC US67066G1040 NVDA Earnings Artificial intelligence Tech Stories That Matter AI Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 18:20:42 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21775918

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