ServiceNow lifts guidance on AI growth

Core Insights - ServiceNow reported strong second-quarter results, leading to a 7% increase in shares following the announcement [1] - The company raised its full-year subscription revenue guidance to between $12.775 billion and $12.795 billion, driven by the adoption of artificial intelligence [2] - Net income increased by 47% to $385 million, or $1.84 per share, compared to $262 million, or $1.26 per share a year ago [2] Financial Performance - Subscription revenues reached $3.11 billion, exceeding the forecast of $3.03 billion [1] - Total revenues grew nearly 23% to approximately $3.22 billion, surpassing the expected $3.12 billion [3] - Adjusted earnings per share were $4.09, compared to the expected $3.57 [3]