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- Alphabet’s Google (NASDAQ:GOOG) has reportedly inked a deal worth more than $1 billion to provide cloud-computing services to software firm ServiceNow (NYSE:NOW).
- ServiceNow (NYSE:NOW) committed to spending $1.2 billion over five years, Bloomberg reported.
- ServiceNow said it has deals with multiple cloud platforms to provide services and declined to disclose the value of individual contracts.
- In a filing Thursday, ServiceNow disclosed $4.8 billion in total cloud services commitments through 2030.
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- Servicenow targets $15B-plus subscription revenue for 2026 as AI momentum drives 21.5% growth