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ServiceNow Q2 revenue beats estimates, AI hits $1B
ServiceNow reported Q2 subscription revenue of $3.88 billion, up 24.5% year over year, beating analyst estimates. AI products crossed $1 billion in annual contract value for the first time. The company raised its full-year subscription revenue guidance to between $15.76 billion and $15.78 billion. Shares rose over 3% in after-hours trading.