Latest news with #ProPlus
Yahoo
3 days ago
- Business
- Yahoo
NOW Q2 Deep Dive: AI and Workflow Expansion Drive Outperformance, Margins Improve
Enterprise workflow software maker ServiceNow (NYSE:NOW) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 22.4% year on year to $3.22 billion. Its non-GAAP profit of $4.09 per share was 14.6% above analysts' consensus estimates. Is now the time to buy NOW? Find out in our full research report (it's free). ServiceNow (NOW) Q2 CY2025 Highlights: Revenue: $3.22 billion vs analyst estimates of $3.12 billion (22.4% year-on-year growth, 2.9% beat) Adjusted EPS: $4.09 vs analyst estimates of $3.57 (14.6% beat) Adjusted Operating Income: $955 million vs analyst estimates of $846.5 million (29.7% margin, 12.8% beat) The company provided subscription revenue guidance for the full year of $12.79 billion at the midpoint Operating Margin: 11.1%, up from 9.1% in the same quarter last year Annual Recurring Revenue: $12.45 billion at quarter end, up 22.5% year on year Billings: $3.25 billion at quarter end, up 27.8% year on year Market Capitalization: $206.7 billion StockStory's Take ServiceNow's Q2 results were met with a strongly positive market reaction, reflecting the company's ability to surpass Wall Street expectations on both revenue and non-GAAP profit. Management credited the performance to widespread customer adoption of its AI-powered Now Assist products, a surge in large enterprise deals, and robust demand across all workflow segments. CEO Bill McDermott noted, 'AI is what changed. And agentic AI is transforming the business model every company in the world.' The quarter also saw notable strength in technology workflows and increased renewal activity, supported by early on-premises contract renewals. Looking ahead, ServiceNow's forward guidance is built on continued growth in AI-driven products, expanding adoption of its Control Tower and Pro Plus offerings, and broadening its reach in front office and industry-specific workflows. Management emphasized its focus on investing in technical talent to accelerate customer value from AI transformation, while maintaining prudent margin management. CFO Gina Mastantuono explained, 'We're definitely still investing for growth to meet demand for AI transformation,' highlighting ongoing investments in sales, engineering, and R&D to support ramping AI deployments and new customer use cases. Key Insights from Management's Remarks Management attributed Q2's performance to rapid adoption of agentic AI capabilities, strong execution in new logo acquisition, and continued expansion across industries and workflows. AI-powered product momentum: Uptake of Now Assist and Pro Plus offerings far exceeded expectations, with customers increasingly deploying multiple AI-powered workflow tools across their organizations. Management highlighted that Now Assist net new annual contract value outperformed internal goals, and the largest Now Assist deal to date exceeded $20 million. Large enterprise deal growth: The company closed 89 deals greater than $1 million in net new annual contract value, with 11 exceeding $5 million. Notably, the number of customers contributing more than $20 million annually increased by over 30% year-on-year, reflecting ServiceNow's growing importance to large organizations. Industry and product diversification: Technology, media, and telecom saw growth above 70% year-over-year, with transportation, logistics, retail, hospitality, and energy also showing notable gains. The addition of and the launch of Configuration, Price, Quote (CPQ) solutions drove new wins in sales and order management, particularly in complex front-office environments. Workflow Data Fabric adoption: Workflow Data Fabric, which integrates and manages enterprise data for AI-driven workflows, was included in 17 of the top 20 largest deals, helping customers combine analytics, data, and automation for smarter operations. Internal AI efficiencies: ServiceNow's use of its own AI tools, such as CodeAssist, contributed to margin expansion and operational productivity, with management reporting $100 million in expected headcount savings for 2025 and increased engineering capacity. Drivers of Future Performance Management expects near-term growth to be led by ongoing enterprise adoption of AI-driven workflows, new product introductions, and increased investment in technical talent supporting customer AI transformations. Expansion of AI adoption: The company believes that continued momentum for Now Assist, Pro Plus, and Control Tower will drive additional revenue growth, as customers expand usage into more business functions and workflows. Management set a target of $1 billion in annual contract value from Now Assist by 2026. Front office and industry solutions: ServiceNow is broadening its addressable market by targeting front office workflows—such as sales, service, and order management—and tailoring AI-driven solutions to verticals like insurance and public sector. Management expects this strategy to unlock new deal opportunities and deepen existing relationships. Investments and margin balance: Management indicated that while AI-driven productivity gains are flowing into operating margins, some of these efficiencies will be reinvested to accelerate customer onboarding and technical support. The company remains cautious about potential federal spending headwinds and is maintaining prudent expense management to absorb possible integration costs from acquisitions such as Moveworks. Catalysts in Upcoming Quarters In coming quarters, the StockStory team will be watching (1) the pace of customer expansion into new AI-powered workflows and the degree of adoption of Control Tower and Now Assist, (2) the impact of front office and industry-specific product launches on deal volume and average contract value, and (3) the integration of recent acquisitions such as and into ServiceNow's workflow platform. Progress in onboarding technical talent and navigating public sector budget dynamics will also be important to track. ServiceNow currently trades at $973.37, up from $955.51 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it's free). Now Could Be The Perfect Time To Invest In These Stocks Trump's April 2024 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
3 days ago
- Business
- Yahoo
ServiceNow (NOW) Stock Pullback May Be Temporary, Analyst Remains Confident
ServiceNow, Inc. (NYSE:NOW) is one of the . On July 21, Cantor Fitzgerald analyst Thomas Blakey reiterated an Overweight rating on the stock with a $1,200.00 price target. The rating affirmation came ahead of the company's earnings report on July 23rd, 2025. According to the firm, it had viewed ServiceNow's shares positively earlier this week based on favorable checks. However, the shares may be subject to short selling activity following the recent outperformance. The firm believes that this is likely to be a short-term move instead of a reflection of valuation concerns. Upcoming earnings report is anticipated to serve ServiceNow positively, reflecting mitigated risks in the federal sector. Moreover, the company's 'Now Assist starter packs' is likely to drive more Pro Plus upgrades and adoption, which will drive positive momentum for the company. A financial analyst sitting in a trading floor, tracking the leading markets. ServiceNow, Inc. (NYSE:NOW) is a technology company that offers a cloud-based software platform for automating business workflows within an enterprise. While we acknowledge the potential of NOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business Insider
TECNO SPARK 40 Series hits the market with the slimmest AI-enabled device
The need to stay online for hours, streaming on TikTok without the stress of carrying a power bank around, worrying about the phone lagging while using it, or even waiting for 20-30 minutes to charge before coming back up are problems the average mobile user has to deal with consistently. The TECNO Spark 40 series is the solution to the challenges encountered by the average smartphone user. The SPARK 40 Pro and Pro Plus are nothing short of engineering marvels; these mobile gadgets are an embodiment of the Nigerian hustle mentality, big on power, performance, and sleek in design. The TECNO Spark 40 Series is the first mid-range phone to operate on the new Media Helio G200 processor, eliminating phone lagging and slow response time. The device is packed with a battery power of 5200mAh, 45W fast charging and a 30W wireless charging, which is a major technology advancement for the SPARK 40; these features ensure its users are always active on the go, without the need for a powerbank, now that's peace of mind. The TECNO AI Smart Assistant is the next level of whatever you think you know about artificial intelligence. It is your personal assistant, manager, editor, bookkeeper, record manager, idea machine, and even your first stop for security management. Tecno Having all of these fantastic features without any protective measures for the phone's screen would make it a terrible phone for the hustle we say it is for. This is why the TECNO Spark 40 comes with the Corning Gorilla Glass 7i, you can mount your phone on any tripod stand without the fear of it falling and its screen cracking easily. The TECNO Spark 40 Series comes with a sleek Super AMOLED 4500-nit display, calm on your eyes shape but with picture clarity. The TECNO Spark 40 Series is now available at all major retail stores across Nigeria With the SPARK 40 Series, TECNO challenges expectations of what affordable smartphones can deliver — combining style and strength, intelligence and endurance, all in a sleek body. Whether it's a user's first smartphone or their next upgrade, the SPARK 40 Series is built to keep up and built to last. TECNO is an AI-driven innovative technology brand with a presence in over 70 markets across five continents. Committed to transforming the digital experience in global emerging markets, TECNO relentlessly pursues the perfect integration of contemporary aesthetic design with the latest technologies and artificial intelligence. Today, TECNO offers a comprehensive ecosystem of AI-powered products, including smartphones, smart wearables, laptops, tablets, smart gaming devices, the HiOS operating system, and smart home products. Guided by its brand essence of 'Stop At Nothing,' TECNO continues to pioneer the adoption of cutting-edge technologies and AI-driven experiences for forward-looking individuals, inspiring them to never stop pursuing their best selves and brightest futures. For more information, please visit TECNO's official site:
GSM Arena
14-07-2025
- GSM Arena
Realme keeps teasing the 15 and 15 Pro
Realme is unveiling the 15 and 15 Pro on July 24, which is incredibly soon after the 14 series - the Pro and Pro+ launched in January, the 'vanilla' 14 in March. We're not sure what's going on here, perhaps sales of that range haven't been great? Anyway, the brand keeps teasing the 15 and 15 Pro ahead of their unveiling. It's already confirmed that the 15 Pro will have all the features of a Pro+ model that isn't coming this time around. Today, the brand has let us know that the upcoming devices will introduce "a fresh wave of AI innovation and mobile photography", with the 15 Pro positioned as "the most advanced AI party phone, blending cutting-edge camera intelligence, party-optimized features, and immersive performance for the ultimate social experience". The Pro will come with "enhanced imaging and faster chips" usually reserved for the Pro+ model in the number series, thus "elevating the Pro badge to a new standard of flagship experience" and streamlining the product family (thankfully, we'd say). There will be "bold and party-inspired camera features intelligently designed to detect dynamic lighting environments" like concerts, dance floors, or even house parties. AI features will automatically adjust shutter speed, contrast, and saturation accordingly, and we have to say this might be the first time we're hearing of a phone or series of phones optimized specifically for parties. Perhaps Realme realized there's an untapped market there. If you're wondering what to expect design-wise, renders showing the Realme 15 Pro have already been purportedly leaked. Realme itself has confirmed that the Pro is powered by Qualcomm's Snapdragon 7 Gen 4 SoC, and that it has a display with 144 Hz refresh rate, 2,500 Hz touch sampling rate, and 6,500-nit peak brightness, as well as a 7,000 mAh battery with 80W wired charging support despite being just 7.69mm thick. It's also IP69 rated for dust and water resistance. Realme 14 Realme 14 Pro Realme 14 Pro+
&w=3840&q=100)
Business Standard
01-07-2025
- Business Standard
Tech Wrap July 1: OnePlus Nord CE5, Redmi Note 14 Pro, OPPO Pad SE
OnePlus confirms Nord CE5 specs. Redmi Note 14 Pro's new colour. OPPO Pad SE specs. Google Calendar app for Apple watch. Apple XR devices. Microsoft's Authenticator to end password autofill. BS Tech New Delhi Listen to This Article Ahead of its launch in India on July 8, OnePlus has revealed key details of the upcoming Nord CE5 smartphone, which will be introduced alongside the Nord 5. It will be powered by a 7,100mAh battery, MediaTek Dimensity 8350 processor, and support 80W fast charging. Additionally, it will feature Battery Health MagicO, a proprietary technology developed by OnePlus to maintain battery longevity. Redmi, owned by Xiaomi, has rolled out a Champagne Gold edition of the Note 14 Pro and Pro Plus models. The company shared a preview of the new variant, showcasing a dual-tone design on the Pro Plus. These devices will run on Android 15 with Xiaomi's HyperOS 2 pre-installed. OPPO plans to broaden its lineup in India with the release of the Reno14 series smartphones and the Pad SE tablet on July 3. While the Pad SE targets budget-conscious consumers with a focus on media, education, and creativity, the Reno14 series caters to the high-end segment, emphasizing design, camera technology, and AI features. Google has reintroduced its Calendar app for Apple Watch, this time in a simplified version. Accessible via version 25.24.1 of the iPhone app, it is compatible with devices running watchOS 11.0 or later. With this release, Calendar joins the likes of Google Keep, Google Maps, and YouTube Music as part of Google's limited lineup for watchOS. Apple is expected to grow its XR (extended reality) offerings by introducing various devices over the coming years. Analyst Ming-Chi Kuo reports that between 2027 and 2028, Apple could unveil a range of head-worn gadgets—including lightweight models, smart eyewear, and XR glasses with integrated displays. Microsoft has revealed plans to eliminate the password autofill function from its Authenticator app. This feature will cease to operate by July 2025, with all stored passwords set to be removed by August 1. The change aligns with Microsoft's efforts to centralize password management within its Edge browser, which will soon be the exclusive place to save and access credentials. The company advises users to export their data ahead of the cutoff if they don't plan to transition to Edge. Apple Music has completed a decade since its launch on June 30, 2015. To commemorate the milestone, Apple has announced the opening of Apple Music Studios in Los Angeles, expected to begin operations in mid-August. Initially exclusive to iOS users, the platform has grown into one of the leading music streaming services. What distinguishes it in a crowded market? What makes it stand out? Ubisoft, the French game publisher, is reportedly working on a remake of Assassin's Creed IV: Black Flag, originally released in October 2013. A voice actor who portrayed Edward Kenway, the game's main character, recently hinted at the project's development—indicating that the updated version may launch sooner than anticipated. Motorola, under China's Lenovo, has announced that the moto g96 5G will debut in India on July 9. A dedicated product page has gone live on Flipkart, revealing several key features like display specs and durability enhancements. OpenAI is reportedly developing its first AI-powered hardware product, which early reports suggest could resemble a pen. According to Bloomberg, the device might be equipped with cameras and microphones to stay aware of its surroundings. Following its merger with Jony Ive's firm LoveFrom in May, OpenAI teased a new line of AI-native products meant to enable users to 'create all sorts of wonderful things.'
