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Jul 23, 2026
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ServiceNow Raises Revenue Forecast

OBBM Network Editorial Staff
July 22, 2026

ServiceNow, a software company, has raised its forecast for annual subscription revenue for the second time, driven by growing demand for its AI-powered software.

AI-Powered Software Demand

The company’s AI platform has seen widespread adoption across the public sector, with nearly all 50 U.S. states now using it to improve citizen services and modernize operations. ServiceNow’s current remaining performance obligations, contract revenue expected to be recognized within the next 12 months, hit $13.20 billion as of June 30, a 21% increase from a year earlier.

ServiceNow said its AI agent portfolio is expanding across domains like IT and customer service, helping enterprise clients to automate complex, time-consuming workflows. The company now expects full-year 2026 subscription revenue of $15.760 billion to $15.780 billion, up from its earlier projection of $15.735 billion to $15.775 billion.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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