Reported about 1 year ago
Amidst the race to harness artificial intelligence, ServiceNow has emphasized the importance of AI integration into its operations, with CEO Bill McDermott highlighting the significance of AI for the company's future. Despite strong financial performance in the first quarter of 2024, Guggenheim analyst John Difucci recently downgraded ServiceNow's stock to sell, expressing concerns about the company's generative artificial intelligence business outlook and subscription estimates. The upcoming second-quarter report and subscription revenue guidance for 2024 will be closely watched by investors, as ServiceNow faces potential challenges in the latter half of the year.
Source: YAHOO