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ServiceNow beat earnings estimates in Q2 with strong revenue growth, fueled by AI-driven automation.
ServiceNow reported strong Q2 earnings, with $4.09 in EPS and $3.22 billion in revenue, surpassing estimates, driven by 22.4% year-over-year revenue growth.
The stock, trading at $920.51 with a $191.47 billion market cap, has a P/E ratio of 115.93 and a "Moderate Buy" consensus rating with a $1,122.20 target.
Institutional ownership remains high at 87.18%, with Raleigh Capital Management and QTR Family Wealth LLC increasing their stakes.
The company provides AI-powered workflow automation globally.
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ServiceNow superó las estimaciones de ganancias en el segundo trimestre con un fuerte crecimiento de los ingresos, impulsado por la automatización impulsada por AI.