Core Insights - ServiceNow intends to acquire Veza, an AI-native identity security platform, to enhance its Security and Risk portfolio, emphasizing the importance of identity in modern data breaches [1][2] - The acquisition aims to improve governance over AI agents' access and actions, thereby reducing risks associated with autonomous workflows [2] - Veza's Access Graph will provide visibility into relationships among human, machine, and AI identities, supporting least-privilege governance [1][2] Company Overview - ServiceNow, headquartered in Santa Clara, California, integrates workflows, data, and AI to streamline operations across large organizations, managing tens of billions of workflows annually [3] Acquisition Details - Veza, founded in 2020, serves nearly 150 enterprise customers and employs about 230 people globally; its capabilities will be integrated into ServiceNow's security offerings post-acquisition [2] - The deal is subject to customary approvals and closing conditions [2] Product Impact - The integration of Veza is expected to enhance existing ServiceNow products, including Vulnerability Response, Incident Response, Integrated Risk Management, and AI Control Tower, by providing a stronger identity context for better exposure management and incident response [2]

With significant hedge fund interest and upside potential, ServiceNow, Inc. (NYSE:NOW) secures a spot on our list of the 15 best AI stocks to watch in December 2025. ServiceNow (NOW) Deepens Its Long-Term Commitment to Canada with CA$110 Million Investment; Analysts Remain Bullish Photo by Andrea De Santis on Unsplash On December 8, 2025, ServiceNow, Inc. (NYSE:NOW) announced a CA$110 million investment, deepening its long-term commitment to Canada. With this investment, the company aims to accelerate A ...

Core Insights - 3E partners with ServiceNow to provide Safety Data Sheets (SDS) and chemical safety content for the new Health and Safety Chemical Management Solution [1] Company Summary - 3E is recognized as a global leader in chemical and regulatory data solutions [1] - The partnership will enable 3E to supply indexed chemical data, which is essential for ServiceNow's chemical management framework [1] Industry Impact - The collaboration aims to enhance customer access to critical chemical safety information, thereby improving health and safety management in various industries [1]

ServiceNow, Inc. (NYSE:NOW) has announced a 5-for-1 stock split to make shares more accessible and increase liquidity.The stock split is scheduled for December 18, 2025, with shareholders of record by December 16, 2025, receiving additional shares after the market closes on December 17, 2025.ServiceNow's current stock price is $853.16, with a market capitalization of approximately $177.09 billion, indicating its significant presence in the tech industry.ServiceNow, Inc. (NYSE:NOW) is a prominent player in t ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the software industry, particularly enterprise/business software companies that generate significant revenues. Notable companies include Microsoft (MSFT), Oracle (ORCL), Salesforce (CRM), Adobe (ADBE), Intuit (INTU), ServiceNow (NOW), and Workday (WDAY) [1][5][12]. Core Insights and Arguments 1. **Challenges in Scaling Software Companies** - Creating a profitable software franchise is difficult, with only a few companies achieving over $10 billion in revenue. Most companies in the $100-500 million range struggle to scale [1]. 2. **Importance of Selective Optimism** - Investors should be selectively optimistic about a few companies' potential to scale profitably, especially in unproven categories. Successful companies often start with a solution that addresses a significant market need, which then expands the Total Addressable Market (TAM) [1]. 3. **Sustained Growth in Established Companies** - Companies like CRM, INTU, and ADBE have consistently outperformed GDP growth, demonstrating the ability to sustain above-average growth rates over time [5][7]. 4. **R&D Investment and Product Development** - Successful software companies maintain a balance between high R&D investment and profitability. New products should be introduced at a pace that customers can manage, avoiding over-reliance on a single hit product [9]. 5. **M&A Strategy and Organic Growth** - Transitioning from organic growth to M&A can unsettle investors, as seen with Salesforce. Successful acquisitions should enhance organic growth without negatively impacting operating margins [12]. 6. **Power of Incumbency** - Established companies become harder to dislodge during tech transitions. Historical examples show that incumbents like Intuit and Adobe have successfully navigated disruptive periods [13]. 7. **Balancing Growth and Free Cash Flow (FCF) Margins** - Companies that maintain a balance between growth and profitability tend to perform well across different market cycles. A focus on profitability can hinder growth if not managed carefully [14][16]. 8. **Opportunities During Tech Transitions** - Transitions between tech cycles, such as from cloud to AI, can create investment opportunities despite initial market uncertainty. Companies that adapt quickly can benefit significantly [17]. 9. **Value Creation through TAM and Unit Economics** - A combination of a large TAM and attractive unit economics is rare but essential for long-term value creation. Companies must manage their sales and marketing expenses effectively to maintain healthy unit economics [19][21]. 10. **Challenges of Disruption** - For disruption to be sustainable, new entrants must offer significantly better pricing and functionality than incumbents. The balance between gross margins and revenue scale is crucial [31]. 11. **Residual Value in AI** - The AI landscape is complex, with various players (foundation models, hyperscalers, and application companies) vying for value. Companies like Microsoft and Alphabet have unique advantages that may allow them to capture significant residual value [34]. Additional Important Insights - **Emerging Companies with Potential** - Smaller companies with potential for significant growth include Snowflake (SNOW), Datadog (DDOG), MongoDB (MDB), and others [1]. - **Market Dynamics and Historical Context** - Historical market cycles provide context for current dynamics, illustrating how companies can emerge stronger after periods of uncertainty [17]. - **Framework for Investing in Software** - A structured approach to investing in software includes evaluating TAM, unit economics, and the balance between growth and profitability [24]. This summary encapsulates the key points discussed in the conference call, providing insights into the software industry's current landscape and future opportunities.

Veeam App for ServiceNow is designed for organizations in highly regulated sectors—such as manufacturing, healthcare, pharmaceuticals, and finance—as well as enterprises seeking to: "Successful partnerships are built on a shared vision and a joint commitment to solving real business challenges at hand,†said Alix Douglas, Group Vice President, Partner Solutions at ServiceNow. "Veeam App for ServiceNow gives customers powerful new ways to further protect data in highly regulated sectors. This collaboration is ...

Investment Rating - The report maintains a "Buy" rating for Microsoft (MSFT US), Google (GOOG US), Amazon (AMZN US), and Palo Alto Networks (PANW US) [22][23]. Core Insights - The competition in the large model industry is expected to intensify, with AI applications continuing to monetize effectively. The report highlights the potential for revenue growth driven by enhanced capabilities in AI models, particularly in image editing and video generation [1][25]. - Cloud service providers are experiencing accelerated revenue growth, with capital expenditures increasing significantly, indicating strong demand and a healthy outlook for profitability [3][9]. - AI monetization is driving growth in core business areas while exploring new revenue opportunities, with a focus on cost reduction and efficiency improvements [3][22]. Summary by Sections Industry Outlook - The large model industry is witnessing intensified competition, with continuous improvements in model capabilities and decreasing costs for model invocation. Key trends include a focus on agentic capabilities, faster iteration of open-source models, and the feasibility of large-scale deployment of end-to-end voice interaction models [3][25]. Cloud Business Performance - Revenue growth for U.S. internet companies' cloud businesses has accelerated, with a year-on-year increase in capital expenditures reaching $93.1 billion (+71% YoY). Operating profit for cloud businesses grew by 24.1% YoY in Q3 2025 [3][9]. AI Monetization - AI is driving growth beyond traditional cloud and advertising sectors, creating new revenue opportunities and enhancing operational efficiency. The report notes that enterprise AI applications are commercializing more slowly than AI cloud and advertising but still show promise for profit margin improvements [3][22]. Investment Opportunities - The report suggests focusing on two main scenarios for AI monetization: applications where large models excel, such as programming and creative generation, and high-value AI applications in traditional verticals like enterprise intelligence and education [3][22]. Financial Projections - The report projects that global AI spending will grow by 37% year-on-year to reach $2.0 trillion by 2026, with significant growth expected in AI application software and AI infrastructure software [8][22].

Core Insights - ServiceNow announced a CA$110 million investment aimed at enabling the public sector in Canada to adopt AI at scale [1] - The investment will focus on building Canadian-hosted, AI-ready digital infrastructure and operations, enhancing data, security, and operational controls [1] - The initiative includes the establishment of a new Canada Centre of Excellence and the creation of approximately 100 high-skilled jobs based in Canada [1]

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SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI control tower for business reinvention, today announced that shareholders have overwhelmingly approved a 5-for-1 split of the company's common stock. Shareholders of record as of December 16, 2025, will receive four additional shares for each share held, to be distributed after market close on or about December 17, 2025. Trading on a split-adjusted basis is expected to begin on December 18, 2025. Use of Forward-Looking Stateme. ...