ServiceNow has invested $40 million for a 5% stake in Indian banking software company BusinessNext, valuing it at $700 million. BusinessNext, which serves over 70 banks across India, Southeast Asia, the Middle East, and the U.S., will leverage ServiceNow’s global sales network to expand its AI-driven banking workflow solutions. The partnership combines BusinessNext’s customer-facing banking expertise with ServiceNow’s strength in workflow automation and back-office systems, aiming to accelerate AI adoption in financial services worldwide. This strategic move supports BusinessNext’s growth beyond India and enhances ServiceNow’s presence in the banking sector amid rising demand for AI-native enterprise software.
Stocks rebounded on Friday as oil prices fell, helping major indexes recover after several down sessions. Jim Cramer highlighted that the upcoming Federal Reserve meeting will be crucial, with investors watching how Treasury yields react to a potenti...
Needham analyst Mike Cikos raised the price target for ServiceNow to $155, citing the company's AI products surpassing $1 billion in annual contract value (ACV) and a ninefold increase in customers using its agentic AI products. ServiceNow aims to ex...
Salesforce shares surged 23% in the past month following a strong fiscal Q2 report that beat expectations, driven by rapid growth in AI-related revenue and a new partnership with Anthropic. Despite the impressive headline earnings per share of $5.90,...
ServiceNow has surpassed $1 billion in annual AI contract revenue, yet its stock price remains near multiyear lows around $131. Despite recent margin pressures and integration costs, the company shows strong growth potential with AI deployments incre...
Fortune will hold its inaugural AIQ Summit on October 1 at the New York Stock Exchange, gathering top executives from the Fortune AIQ 75 list and other leaders to discuss profitable AI deployment and workforce adaptation. The event aims to share insi...
