ServiceNow's net new AI contract value rose 65%. Its shares fell 18% after hours as its sales forecast missed estimates.

Also in 30 seconds: Oracle's $225 billion sales target for 2030 against a credit rating one step above junk, and SAP's four AI assistants for cloud migrations, open only to early adopters.

1. ServiceNow said net new annual contract value from its AI products rose 65% from a year earlier. Its shares still dropped 18% in after-hours trading on 28 October, SiliconANGLE reported. Third-quarter revenue grew 20.5% to $4.11 billion, but the company expects $4.25 billion to $4.26 billion for the fourth quarter, about $100 million below the $4.36 billion analysts had projected.

2. Oracle told investors on 28 October that it expects $225 billion in revenue in fiscal 2030, and its shares rose 11% that day, CNBC reported. S&P rates its debt BBB-, the lowest investment grade. Its filing names customer prepayments and customer-provided hardware as ways to cut its cash needs.

3. SAP said on 28 October that four AI assistants for moving to its cloud ERP, the core business software, now help early adopter customers check data, prepare tests, update custom code and set up the new system. AkzoNobel's master data lead said the data assistant "reduced analysis effort." SAP gave no price and no measured time or cost saving.

ServiceNow gave the 65% as a growth rate, with no dollar figure. Would you rather see AI contract value in dollars, or is the rate enough?

🎥 Narration: AI voice · Photos: Donny Gonzo/Wikimedia, CC0 (ServiceNow); King of Hearts/Wikimedia, CC BY-SA 3.0 (Oracle); alex.ch from Zurich, Switzerland/Wikimedia, CC BY-SA 2.0 (SAP).