Sierra Adds $150M ARR While ServiceNow Drops 27%

Sierra added over $150M in annual recurring revenue during the third quarter, surpassing $400M in total ARR. Conversely, ServiceNow shares fell 26.9% on October 28 after reporting Q3 results. While ServiceNow grew 20% to $4.11 billion in revenue, its stock value dropped significantly as investors shifted budgets toward agentic AI spending.