ServiceNow lays out path to $30 billion in annual subscription revenue as AI bets accelerate

ServiceNow said it aims to double subscription revenue to $30 billion by 2030, signaling a substantial long-term growth target. The company also disclosed that its Now Assist product has surpassed $750 million in annual contract value, underscoring early traction in its AI offering. The update is constructive for growth expectations and the AI monetization narrative.

Analysis

ServiceNow said it aims to double subscription revenue to $30 billion by 2030, signaling a substantial long-term growth target. The company also disclosed that its Now Assist product has surpassed $750 million in annual contract value, underscoring early traction in its AI offering. The update is constructive for growth expectations and the AI monetization narrative.