If companies feel about an American trade war, they do not express their concerns by withdrawing the expenses to software as a service.
Or at least that is the line that software company Serviceenow (now) is at the Haven.
The technical game has engaged the profit estimates of analysts after the end on Wednesday on the back of the strong question.
“We are rocking,” Bill McDermott, CEO of Serviceenow, told me at Yahoo Finance.
McDermott – a tech veteran who led software giant SAP (SAP) – said that companies continue to invest in generative AI products aggressively. Even, in the light of significant economic uncertainty, top managements for AI -Buildouts as a means to find the cost savings of the margin.
McDermott added: “AI spending will be considerable at the end of the year.”
Shares of Servicenow Reden lightly in the trade after hours. The share has been won 25% in the past year, which means that the S&P 500s (^GSPC) 15% progress has been displayed. However, the share has fallen 9% so far.
“We see ServiceNow’s cost savings messages-where companies can do more with less via a fast-to-value implementation resonate in this challenging environment, because companies are increasingly focused on the ROI that their software papers supplies,” said Jpmorgan analyst Mark Murphy.
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Subscription income: +22.5% year after year up to $ 3.10 billion, versus $ 3.12 billion estimate; Guidelines $ 3.03 billion to $ 3.04 billion
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Custom diluted EPS: +31% to $ 4.09 versus $ 3,58 estimate
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Q3 2025 Guidelines
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FY 2025 Guidance
Brian Sozzi Is the executive editor of Yahoo Finance and a member of the editorial leadership team of Yahoo Finance. Follow Sozzi on X @Briansozzi” InstagramAnd LinkedIn. Tips about stories? E -Mail [email protected].
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