ServiceNow’s CEO McDermott discussed the company’s success at Davos. Strong Q2 results led to a 7% stock increase. Earnings per share were $4.09 vs. $3.57 expected, with $3.22 billion revenue beating estimates. Subscription revenue hit $3.11 billion. Full-year guidance raised to $12.775-$12.795 billion due to AI adoption. Net income grew 47% to $385 million. ServiceNow expects challenges in Q3 due to seasonality and government budget changes. Public sector business grew 30% in Q1. Subscription revenues forecasted to be $3.26-$3.27 billion.

Read more at CNBC: ServiceNow (NOW) Q2 earnings 2025