ServiceNow reported Q4 earnings that topped estimates but shares fell on lower-than-expected subscription revenue growth in 2025.
ServiceNow reported a mixed fourth quarter, forecasting subscription revenue that was just shy of Wall Street estimates. ServiceNow reported adjusted earnings of $3.67 a share after the stock market closed on Wednesday,
For the current quarter, ServiceNow is guiding for sales to come in between $2.995 billion and $3 billion -- representing growth of 18.75% year over year at the midpoint of the target. Remaining performance obligations at the end of the period are projected to be up 19.5%.
The decline in ServiceNow’s share price comes in the wake of a "lackluster outlook" for 2025 subscription growth on a slower artificial intelligence sales bump,"
ServiceNow forecast slightly slower growth ahead, even as executives noted that the shakeup caused by artificial intelligence offers significant upside to the cloud-based software company.
Shares of enterprise workflow software maker ServiceNow (NYSE:NOW) fell 13% in the morning session after the company reported fourth quarter results: With shares up roughly 20% in the last three months (before this print) and the stock making a 52-week high just earlier this week,
ServiceNow's revenue growth slowed to 21% y/y, with its outlook calling for a further deceleration in FY25. Read why bull case for NOW stock is breaking apart.
ServiceNow reported a mixed fourth quarter, forecasting subscription revenue that was just shy of Wall Street estimates. ServiceNow reported adjusted earnings of $3.67 a share after the stock market closed on Wednesday,
ServiceNow forecast annual subscription revenue below Wall Street estimates on Wednesday, affected by a strong U.S. dollar and a planned shift in its monetization model, sending its shares down 8% in extended trading.
The stock of ServiceNow (NOW) is down 10% after the software company reported mixed fourth-quarter financial results and issued weak forward
ServiceNow Inc (NYSE:NOW) shares are trading lower Thursday after the company reported soft financial results for the fourth-quarter. Here's what you need to know.
ServiceNow (NYSE: NOW) is one of the most well-known software companies. It is in the cloud and data storage industry, so it has been quite a hot name over the past few months. In fact, NOW stock is still up 25% despite the recent decline.