10 Best Revenue Growth Stocks to Buy According to Hedge Funds

7. ServiceNow, Inc. (NYSE:NOW)

Number of Hedge Fund Holders: 78

5-Year Revenue Growth: 26.55%

ServiceNow, Inc. (NYSE:NOW) is an American software company based in California. The company runs the Now platform, a cloud-based solution with embedded artificial intelligence and machine learning capabilities that help global enterprises across industries, universities, and governments unify and digitize their workflows. Thus, the Now platform drives business outcomes such as streamlining processes, unlocking productivity, and improving experiences for both employees and customers.

ServiceNow, Inc. (NYSE:NOW) has been an integral part of the IT world for two decades. The company’s over 8,100 global customers include approximately 85% of the Fortune 500, relying on ServiceNow solutions using the intelligent and intuitive cloud platform to drive successful business transformation, the Now Platform.

ServiceNow has been seeing solid momentum coming from both existing and new customers doubling down on their investments in the firm as the AI platform for business transformation. The most recent quarter went robust driven by a strong demand for the Now Platform and exceptional team execution. Total revenues represented a 22% year‑over‑year growth. ServiceNow’s largest AI release to date, the Now Platform Xanadu release, is set to drive the firm’s durable topline growth and margin expansion.