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The Nexus
BUSINESSJul 23 · 12:05 UTCFORTUNEJeremy Kahn

Wall Street is finally starting to buy ServiceNow CEO Bill McDermott’s story as the company beats Q2 earnings forecasts

ServiceNow's Q2 earnings and revenue exceeded forecasts, leading to a stock surge as Wall Street began accepting CEO Bill McDermott's vision of the company as a leader in agentic AI for enterprises. The company raised full-year revenue guidance and reported a record $1 billion in annual contract value for AI products.

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