ServiceNow reported first-quarter earnings that slightly exceeded Wall Street expectations, with adjusted earnings per share of 97 cents and revenue of $3.77 billion, up 22% year-over-year. The company noted that the ongoing conflict in the Middle East caused a 75 basis point drag on subscription revenue growth due to delayed deal closings. Despite this, ServiceNow raised its fiscal 2026 subscription revenue forecast to between $15.74 billion and $15.78 billion, up from prior guidance. The company is also expanding its AI offerings and recently completed a $7.75 billion acquisition of cybersecurity firm Armis, aiming to strengthen its position as an "AI control tower."
IBM reported it has struggled to keep up with a shift in corporate spending from software to data-center infrastructure, forecasting second-quarter earnings below analyst estimates. The company cited a significant reprioritization of capital expendit...
IBM shares dropped over 23% following its Q2 earnings report, which showed profits and revenue below analyst expectations. CEO Arvind Krishna highlighted that the company's mainframe business, particularly the Z series with AI capabilities, underperf...
Analyst Krzysztof Bogdanski initiates a Buy rating on ServiceNow, highlighting its attractive valuation at 26x forward earnings, robust subscription revenue growth of 21%, and a high 97% renewal rate. The company is accelerating AI monetization, with...
Micron reported impressive earnings and optimistic guidance, but its stock fell sharply due to concerns that its 86% gross margins and AI-driven memory price increases are unsustainable. The AI hardware sector, after rapid gains, is seeing profit-tak...
