Recession-Proof? ServiceNow Strong Q1, Raises Guidance, AI Pays Off!
@MaverickWealthBuilder:
$ServiceNow(NOW)$ Strong Q1 FY2025 Earnings Performance Drives Shares Significantly Higher After HoursCore InsightsGrowth resilience highlighted: management raised guidance despite cautious IT spending environment, reflecting deep product moat (RPO +24% YoY to $18B).AI commercialization speeding up: from "technology story" to actual revenue generation, 2025 may be the inflection point of AI contribution.Strong upgrade guidance: current demand resilience exceeds expectations, customers regard ServiceNow as a "must-have" rather than an optional tool.If the economic downturn leads to a contraction of corporate IT budgets, it may affect the pace of expansion of small and medium-sized customers (current revenue concentration: Top 50 customers account fo