Browsing Tag
Bill McDermott
2 posts
ServiceNow (NYSE: NOW) raises AI contract target to $1.7bn, but shares plunge 17% after hours
ServiceNow reported 21% subscription revenue growth and raised its AI annual contract value target, but sharply lower GAAP margins and rising acquisition-related costs complicated the earnings picture. The results highlight the difference between commercial AI momentum and the profitability investors can expect from the expanded business.
Cognizant to expand ServiceNow capabilities with Thirdera acquisition
Cognizant (NASDAQ: CTSH) has made a significant move in the technology consulting sector by acquiring Broomfield, CO-based Thirdera,…