ServiceNow Reports Record Revenue and Leadership Shake-Up

AI-driven demand boosts subscription sales, while internal investigation prompts COO's resignation.

• ServiceNow's Q2 subscription revenue rose 23% year-over-year to $2.54 billion, exceeding expectations.
• The company's overall revenue increased 22% to $2.63 billion, with adjusted EPS of $3.13.
• ServiceNow's president and COO, CJ Desai, resigned following a hiring policy violation.
• CEO Bill McDermott emphasized the company's strong position in AI-driven business transformation.
• ServiceNow's shares hit an all-time high, reflecting investor confidence.

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