Latest / Cloud Wars Live with Bob Evans
ServiceNow Rocks Q2; McDermott: 'AI Unlike Anything in Human History'
In today's Cloud Wars Minute, I spotlight the 30% surge in $20M+ customers as proof of ServiceNow’s enterprise momentum.
Highlights
00:48 — Let me briefly touch on some of the key numbers from ServiceNow in Q2. So, the top line there: Subscription revenue was up 22.5% to $3.11 billion. Big jump in total RPO, or Remaining Performance Obligation, up 29% to almost $24 billion. I want to point out, too, the subscription revenue growth in Q2 — 22.5% — that’s a big jump from the Q1 growth rate of 19.1%.
01:29 — Very nice acceleration by ServiceNow. Customers spending at least $20 million has gone…
The skinny
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