ServiceNow’s CEO says company is capitalizing on economic upheaval—and projects revenue growth of more than 18% this year

Quick Summary:

McDermott says the current macroeconomic upheaval caused by Trump’s policies could actually provide an additional boost to ServiceNow’s business.The reason?

The company also reported that it has more than $22 billion in sales already booked in its pipeline and 508 customers with more than $5 million in annual contract value, an increase of more than 20% year over year.

For the first quarter, the company announced earnings per share that topped analysts’ consensus forecasts by 5% and topped market expectations for both sales and profits.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jeremy Kahn

Category: EconomyBusiness

Markets: United States

Topics: Salesforce Earnings Technology ServiceNow A.I. Technology companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 12:27:32 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 796 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 199 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28190738

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 56 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions