ServiceNow profit more than doubles on boost from software

ServiceNow said on Wednesday its first-quarter profit more than doubled, as the software firm attracted more clients for its generative artificial intelligence-infused tools. The cloud software provider has been deploying GenAI technologies in its products as businesses look to optimize and automate operations using such tools. "Ten of the top 20 deals of the company have been distinguised with GenAI in mind; it is starting to show, because we have deals with $10 million and more grow 300% year over year," CEO Bill McDermott told Reuters.

ServiceNow said on Wednesday its first-quarter profit more than doubled, as the software firm attracted more clients for its generative artificial intelligence-infused tools. The cloud software provider has been deploying GenAI technologies in its products as businesses look to optimize and automate operations using such tools. "Ten of the top 20 deals of the company have been distinguised with GenAI in mind; it is starting to show, because we have deals with $10 million and more grow 300% year over year," CEO Bill McDermott told Reuters.