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Cloud Stocks: ServiceNow Leverages AI Capabilities

ServiceNow (NYSE:NOW) recently reported its first quarter results that continued to outpace market expectations. Like several others, ServiceNow is also betting on the AI space and integrated several helpful AI tools within the latest release of its platform. ServiceNow's Financials For the first quarter of the year, ServiceNow's revenues grew 22% to $2.1 billion, ahead of the market's forecast by 0.34%. EPS of $2.37 grew 37% over the year, and was also ahead of the market's estimates by 16%. By segment, subscription revenues grew 24% to $2.02 billion and professional and other services revenues fell 21% to $72 million. It now has 1,682 customers generating more than $1 million in ACV, and reported a renewal rate of 98%. For the second quarter, ServiceNow forecast subscription revenues of $2.040-$2.045 billion. The market expected ServiceNow to deliver subscription revenues of $2.03 billion. For the fiscal year, it expects subscription revenues of $8.47 ....

United States , Document Intelligence , Operational Resilience Workspace , Tech Stocks , Technology Stocks ,

Thomson Reuters Document Intelligence automates M&A due diligence process for legal professionals, helping close deals faster

• Document Intelligence AI cuts information retrieval and review time in half for Merger and Acquisition (M&A) due diligence processes ....

Akriti Sharma , Thomson Reuters , Document Intelligence , Legal Tech , Practical Law , Thomson Reuters Document Intelligence ,

Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.

Srilatha Charuvu , Prasad Rajappan , Prlog Hrtech , Tata Capital Growth Fund , Silicon Valley Based Saas , Document Intelligence , Full Story , Saas Startup Lokibots ,

Guess which beaten-up ASX 300 tech share is up 16% this month

This ASX 300 tech share has defied the market volatility and delivered strong gains for its shareholders this month. Here's why. ....

Bell Potter , Appen Ltd , Reinforcement Learning , Document Intelligence ,

Appen Launches Three New Products to Build Trustworthy Generative AI Applications

Appen's New Products to Enable Clients to Build Engaging Generative AI Applications SEOUL, South Korea, March 2, 2023 /PRNewswire/ Appen Limited (ASX:APX), a leading provider of high-quality data for the AI lifecycle, today announced the launch of three new products designed to enable clients to unlock generative AI and power exceptional customer experiences with our industry-leading products, depth. ....

Soult Ukpyolsi , South Korea , Sujatha Sagiraju , Armughan Ahmad , Appen Limited , New Products , Enable Clients , Build Engaging Generative , Human Feedback , Reinforcement Learning , Document Intelligence , Chief Product Officer ,