Siemens CEO Says Germany Has Big Industrial Data Set for AI Push
'We are sitting on a massive amount of data,' Busch said Monday during a Bloomberg TV interview. 'This is one of the most industrialized economies in the world, and again, small and medium sized enterprises, large ones, they're creating data from their buildings, their manufacturing sites, their engineering.'
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New data from Global Water Intelligence reveals impact of hyperscale data center boom on onsite water consumption and unprecedented growth in water technology and infrastructure spending
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ServiceNow (NOW) Stock Soars After Smashing Q2 Targets Amid AI Boom
July 24 - ServiceNow (NYSE:NOW) shares surged more than 5% in Thursday morning trading after the enterprise?software firm posted a strong second quarter driven by AI?related growth. Warning! GuruFocus has detected 3 Warning Sign with NOW. Subscription revenue climbed to $3.113 billion, up 21.5% year?over?year in constant currency and exceeding guidance by roughly two percentage points. Operating margin widened to 29.5%, more than 2.5 points above projections, while free cash flow margin rose to 16.5%, up three points from last year. Remaining performance obligations reached $23.9 billion, a 25.5% jump, with current RPO at $10.92 billion, up 21.5%. ServiceNow closed 89 deals over $1 million in net new annual contract value, including 11 above $5 million, as renewal rates held at 98%. The company ended the quarter with $10.8 billion in cash and investments and repurchased about 381,000 shares under its $2.6 billion buyback authorization. Management raised full?year subscription revenue guidance by $125 million to a $12.775 billion$12.795 billion range, signalling roughly 20% growth. Third?quarter subscription revenue is expected between $3.260 billion and $3.265 billion, with operating margin forecast at 30.5%. CEO Bill McDermott noted rapid adoption of its AI Pro Plus platform, which may drive larger deals and deeper customer engagement going forward. This article first appeared on GuruFocus.
