ServiceNow has reported strong third-quarter earnings, driven by robust demand for its AI capabilities. The company posted a revenue of $2.80 billion, surpassing the estimated $2.75 billion, and an EPS of $3.72, exceeding the expected $3.45. Additionally, ServiceNow raised its Q4 subscription revenue guidance to $2.88 billion and its Q4 operating income guidance to $860 million. The company has also seen significant customer adoption of its AI solutions, with 44 customers spending over $1 million. In response to the positive results, several analysts have raised their price targets for ServiceNow, with RBC Capital raising its PT to $1,045 and Goldman Sachs to $1,050. Furthermore, ServiceNow has appointed Amit Zavery, a veteran from Google Cloud and Oracle, as its new President, Chief Product Officer, and Chief Operating Officer. The company also launched Workflow Data Fabric to enhance its AI offerings and announced a partnership with NVIDIA to accelerate the adoption of generative AI in enterprises. CEO Bill McDermott and CFO Gina Mastantuono highlighted the strong demand and impressive execution, with the stock climbing 2.3% following the earnings report.