Summer 2025
Posted on 2/19/2025
Cloud-based digital workflow and automation platform
No salary listed
No H1B Sponsorship
Orlando, FL, USA
Bachelor's
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ServiceNow provides a cloud-based digital workflow platform that helps large organizations automate and streamline operations across IT, customer service, HR, security, and other business areas. Its Now Platform hosts a suite of applications via a SaaS model, where customers subscribe to access, update, and receive support and optional consulting services. The platform works by offering configurable workflows and automation across multiple business processes, enabling integration with existing systems and data, with regular updates delivered as part of the subscription. This approach differentiates ServiceNow from competitors through its enterprise-grade, cross-domain workflow platform, strong integration capabilities, and emphasis on a unified experience across IT and business operations. The company’s goal is to help customers modernize operations, reduce costs, and improve service delivery and experiences for employees and customers through automated digital workflows.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
2004
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Generous family leave
Flexible PTO
Matched Donations
Retirement benefits
Annual learning stipends
Paid volunteer time
Jim Cramer advised investors to sell half their ServiceNow holdings and let the remainder run during the 25 August Mad Money Lightning Round. The enterprise software company hit $239.62 in January 2025 before dropping to roughly $81 in mid-April 2026. It has since recovered to $125.80. Cramer's recommendation follows ServiceNow's strong Q2 2026 results reported on 22 July. Subscription revenues grew 24.5% year-over-year to $3.877 billion, whilst the company's AI platform crossed $1 billion in annual contract value. Agentic deployments increased ninefold in nine months. Following the earnings, Bank of America raised its price target to $150 from $130, maintaining a Buy rating and citing ServiceNow's positioning in enterprise agentic AI.
Salesforce and ServiceNow both surpassed $1 billion in AI revenue but are taking different paths. Salesforce reported $11.13 billion in revenue, up 13%, with $6.7 billion in operating cash flow and a $25 billion share buyback. Its Agentforce and Data 360 products generated $3.4 billion in AI and data annual recurring revenue. ServiceNow grew faster, with subscription revenue of $3.877 billion, up 24.5%. The company secured 123 deals worth over $1 million and saw agentic deployments increase ninefold in nine months. However, operating income fell 54.75% due to acquisition costs. The companies' strategies differ: Salesforce focuses on agentic CRM, whilst ServiceNow positions itself as an AI control platform. This is reflected in their valuations, with Salesforce trading at 23 times trailing P/E versus ServiceNow's 75 times.
Software-as-a-Service companies are experiencing a resurgence after last year's selloff driven by artificial intelligence concerns. Several SaaS firms have demonstrated strong growth by incorporating AI into their operations. Palantir Technologies reported 93% year-over-year revenue growth in its most recent quarter, whilst Shopify posted 34% growth and ServiceNow achieved 24% growth. Despite their strong performance, Palantir and Shopify shares have declined this year and trade at premium valuations. ServiceNow, which provides workflow automation services to over 8,800 enterprise clients, appears relatively undervalued compared to its peers. The company's platform integrates legacy operations and AI agents into a unified interface. CEO Bill McDermott highlighted that AI software spending is expected to grow 53% this year, outpacing AI hardware spending growth by 17%.
ServiceNow's share price rose 12% in July, driven by strong second-quarter results and a broader recovery in software stocks. The enterprise software company reported revenue of $3.99 billion, up 24% year over year, surpassing analyst estimates of $3.93 billion. Subscription revenue, which investors favour for its consistency, increased nearly 25% to $3.88 billion. Adjusted net income rose 9% to $930 million, or $0.90 per share, beating the consensus estimate of $0.86. The company highlighted significant AI adoption, noting that agentic deployments on its core platform increased ninefold over nine months. ServiceNow raised its annual subscription revenue guidance to between $15.76 billion and $15.78 billion, reflecting nearly 23% growth over 2025.
ServiceNow has opened its first dedicated office in Brazil and announced three academic partnerships to develop AI talent in the region. The São Paulo facility spans 1,765 square metres and features 73 workstations, 11 conference rooms, two training rooms, and an outdoor terrace. The company's Latin American team has more than tripled over the past three years. In 2025, the number of customers purchasing AI in the region nearly quadrupled. ServiceNow and SENAI-SP launched an AI skills training programme in 2025 that has reached over 1,500 participants across São Paulo state. To date, 719 students have graduated, with 808 currently enrolled. Of these, 126 have earned the Certified System Administrator certification.