ServiceNow reports earnings on July 22
ServiceNow serves over 8,800 clients with workflow automation software. Its platform is growing quickly, but its stock is down 30% this year.
The market is worried that many SaaS companies will become obsolete with the rise of agentic AI. However, ServiceNow has taken a proactive approach to AI and has rolled out its own response in its Control Tower product.
The company’s ability to adapt to the AI revolution will be closely watched when it reports earnings on July 22. A strong market reaction is possible, depending on the company’s latest updates.