ServiceNow Surpasses Expectations with Strong Financial Results and Stock Surge

ServiceNow reported third-quarter earnings and revenue that exceeded expectations, causing its stock to climb. The company's earnings rose 49% to $2.92 per share, while revenue increased by 25% to $2.29 billion. Subscription revenue also surpassed estimates, rising 27% to $2.22 billion. ServiceNow's remaining performance obligations (CRPO) came in above expectations at $7.43 billion, indicating strong sales growth. The company also announced an expanded alliance with Deloitte for AI-related digital transformation projects.