Source

Primary company baseline predating the blindside: Q2 subscription revenue grew 24.5% year over year, cRPO grew 21%, ServiceNow AI crossed one billion dollars of annual contract value, and the company raised its full-year subscription-revenue outlook. The late-August rally therefore repaired a multiple/narrative discount around a business whose reported operating trend was already strong.

Takeaway

Primary company baseline predating the blindside: Q2 subscription revenue grew 24.5% year over year, cRPO grew 21%, ServiceNow AI crossed one billion dollars of annual contract value, and the company raised its full-year subscription-revenue outlook. The late-August rally therefore repaired a multiple/narrative discount around a business whose reported operating trend was already strong.