From Nasdaq:

ServiceNow is leveraging AI capabilities from NVIDIA to enhance digital workflows, driving operational efficiency and customer value. With initiatives like AI Lighthouse and Now Assist, ServiceNow aims to solidify its position as a leader in digital transformation. The company’s expanding generative AI portfolio is key to its growth and success.

ServiceNow’s partnership with Hugging Face and NVIDIA has led to the introduction of advanced large language models for code generation, enhancing the company’s market position. Collaborations with industry giants like Amazon and DXC indicate strong growth prospects. ServiceNow’s acquisition of UltimateSuite further strengthens its automation and AI capabilities, driving top-line growth.

Subscription revenues for the first quarter of 2024 are projected to grow between 24.5-25%, with an expected increase in cRPO indicating strength in the federal business. ServiceNow’s partner collaborations and expanding AI solutions contribute to its continuous growth, positioning the company for success in the digital transformation space. Download Zacks Investment Research’s report for insights on oil and gas stocks with significant growth potential.



Read more at Nasdaq: ServiceNow (NOW) Enhances GenAI With NVIDIA Partnership