tl;dr
ServiceNow (NYSE:NOW) unveiled new partnerships with Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) at its Knowledge 2024 conference in Las Vegas. The collaborations involve integrating IBM's watsonx into ServiceNow's Now Platform and Now Assist GenAI, as well as expanding the alliance with Microsoft to...
ServiceNow (NYSE:NOW) unveiled new partnerships with Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) at its Knowledge 2024 conference in Las Vegas. The collaborations involve integrating IBM's watsonx into ServiceNow's Now Platform and Now Assist GenAI, as well as expanding the alliance with Microsoft to combine Now Assist with Copilot. ServiceNow's Chief Operating Officer CJ Desai emphasized that incorporating watsonx models will enhance customer experiences and streamline operations. The integrated service is set to launch on Thursday, May 9. Additionally, the combined capabilities of ServiceNow and Microsoft AI assistants aim to boost productivity, with Copilot seamlessly interacting with Now Assist in Microsoft Teams for employee requests and document creation within Microsoft 365 applications. Rajesh Jha, executive vice president of experiences and devices at Microsoft, expressed confidence that the integration of AI-powered assistants will improve employee and IT productivity, reduce context switching, and enhance the value of customers' technology investments. ServiceNow is a provider of cloud-based enterprise and IT management solutions.
More about ServiceNow Inc
Company: ServiceNow Inc
Description: ServiceNow is an American software company based in Santa Clara, California that develops a cloud computing platform to help companies manage digital workflows for enterprise operations.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 146.51 billion
Stock Price: $76.37
Dividend: None
P/E Ratio: 9.34
EPS: 46.32
Beta: 0.203
Volume: 9,478,000,000
Revenue: $859.5 million
Net Income: $1.288 billion
Profit Margin: 0.242
More about Microsoft Corporation
Microsoft Corporation
Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Market Cap: $304.23 billion
Current Price: $35.47
Change: $2.93
Change %: 11.54%
52-Week High: $31.83
52-Week Low: $0.364
Volume: 236,583,993
Dividend Yield: 4.18%
P/E Ratio: 0.2
Beta (5Y Monthly): 0.17
More about International Business Machines
International Business Machines Corporation (IBM) is a prominent American multinational technology company with a rich history dating back to its founding in 1911 as the Computing-Tabulating-Recording Company (CTR). Renamed International Business Machines in 1924, IBM is headquartered in Armonk, New York, and operates in over 170 countries.
IBM engages in the production and sale of computer hardware, middleware, and software, along with offering hosting and consulting services across a wide spectrum, from mainframe computers to nanotechnology. Notably, IBM is a leading research organization, holding the record for the most annual U.S. patents generated by a business for 28 consecutive years, as of 2020.
Some of IBM's groundbreaking inventions include the automated teller machine (ATM), the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, and dynamic random-access memory (DRAM). The IBM mainframe, represented by the System/360, held a dominant position as a computing platform during the 1960s and 1970s.
Industry: Technology, Computer & Office Equipment
Market Cap: 154.67 Billion
PE Ratio: 19.09
EPS: 6.64
Dividend Yield: 8.82%
52-Week High: 168.78
52-Week Low: 67.94
Price-to-Sales: 0.132
Shares Outstanding: 620.69 Million
Price: 168.78
Change: 0.701
Change %: 0.015
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