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ServiceNow targets over $30 billion in subscription revenue by 2030

Business Insider·Alistair Barr·6 months ago
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Gina Mastantuono, President and Chief Financial Officer of ServiceNow. Leigh Vogel/Getty Images for Fortune Media

ServiceNow aims to double subscription revenue to $30 billion by 2030.

ServiceNow's Now Assist product surpassed $750 million in annual contract value, its CFO said.

ServiceNow CFO Gina Mastantuono reassures investors on AI and forecasts robust profit margins.

ServiceNow made a more forceful case to investors that it can thrive in the age of AI , outlining long-term financial targets and early signs of traction on Monday.

During a meeting with analysts, ServiceNow President and CFO Gina Mastantuono said the company is targeting more than $30 billion in subscription revenue by 2030, up from an expected $15.7 billion in 2026. There's potential upside to more than $32 billion, implying a roughly 20% compound annual growth rate, the CFO added.

ServiceNow also pushed back on concerns that AI could erode profit margins.…

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