US General Services Administration (GSA) Announces OneGov Agreement with ServiceNow (NOW)

Core Insights - ServiceNow, Inc. (NYSE:NOW) is identified as one of the best stocks to invest in for the next five years, particularly due to its AI-driven modernization initiatives in government operations [1][2] - The US General Services Administration (GSA) has entered into a OneGov agreement with ServiceNow to enhance government technology and improve efficiency, potentially leading to significant taxpayer savings [2] Financial Performance - As of June 30, 2025, ServiceNow's current remaining performance obligations (cRPO) reached $10.92 billion, marking a 24.5% year-over-year growth and 21.5% growth in constant currency [3] - The company's Federal Government segment showed strong performance, with Net New Annual Contract Value (NNAC) increasing by 30% year-over-year, surpassing modest expectations [3] AI and Market Position - ServiceNow's AI Platform is projected to enhance workflow efficiencies by up to 30%, indicating a strong focus on leveraging AI for business process optimization [1] - The company's 2025 analyst day highlighted significant momentum in AI-related revenue, reinforcing its position as a leader in enterprise workflow automation [3]