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ServiceNow Surpasses Expectations with Strong Financial Results and Stock Surge

Originally Published 2 years ago — by Investor's Business Daily

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Source: Investor's Business Daily

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.