Overview
- ServiceNow reported $3.09 billion in Q1 revenue and $460 million in net income, exceeding Wall Street expectations.
- The company raised its full-year revenue guidance to 18.5%–19%, projecting $12.6 billion in 2025 sales.
- U.S. public-sector sales grew over 30% year-over-year, with 11 federal deals exceeding $1 million despite federal spending cuts under DOGE.
- ServiceNow quadrupled its AI revenues year-over-year and strengthened its AI capabilities with acquisitions of Moveworks for $2.85 billion and Logik.ai.
- The company’s sales pipeline reached $22 billion, with 508 large customers generating over $5 million annually, up 20% year-over-year.