ServiceNow CEO Bill McDermott Hails '10-Figure Cybersecurity Business' as Q2 Subscription Revenue Surges 23% to $3.88 Billion
ServiceNow Inc. (NYSE: NOW ) reported a second-quarter beat on Wednesday, and its Chairman and CEO Bill McDermott highlighted an emerging position in enterprise risk and compliance, hailing its “10-figure cybersecurity business” as subscription revenues surged 23% year-over-year in constant currency to $3.88 billion. Total quarterly revenue reached $3.99 billion, surpassing analyst consensus estimates. Financial Beat & Cyber Growth McDermott emphasized that ServiceNow is rapidly expanding beyond traditional IT workflows into security orchestration, accelerated by recent acquisitions like Armis and Veza. “We now have a 10-figure cybersecurity business that’s growing faster than all the other top cybersecurity companies,” McDermott stated during the earnings call. He added that the performance solidifies ServiceNow’s position as the “fastest-gro...
ServiceNow Inc. 88 billion. 99 billion, surpassing analyst consensus estimates. Financial Beat & Cyber Growth McDermott emphasized that ServiceNow is rapidly expanding beyond traditional IT workflows into security orchestration, accelerated by recent acquisitions like Armis and Veza.
“We now have a 10-figure cybersecurity business that’s growing faster than all the other top cybersecurity companies,” McDermott stated during the earnings call. 85 per share. 77 billion, representing 21% year-over-year growth. 5 billion by year-end.
Management reported that deployments of agentic AI increased ninefold over the last nine months. 5% year-over-year in constant currency. Analyst Perspective on AI Moat Market experts validated ServiceNow’s cost advantages over custom enterprise AI builds. Shay Boloor, Chief Market Strategist at Futurum Equities, noted that enterprises will avoid building proprietary AI agents because doing so can cost “5x to 10x” more than running them on ServiceNow.
Boloor added that ServiceNow acts as the control layer for “any agent, any workflow, any model,” highlighting that 50% of the company’s net new business is already non-seat-based. com/fk6NxV2YoR - Shay Boloor (@StockSavvyShay) July 22, 2026 How Has NOW Performed In 2026? 40% over the year. 24% in premarket on Thursday.
’s Edge Stock Rankings indicate that NOW maintains a weak price trend in the short, long, and medium terms, with a solid growth score. com