ServiceNow stock has risen 33% so far this year. Following the company's third quarter report, shares of the Santa Clara, Calif.
ServiceNow Inc NOW reported stronger-than-expected results for its third quarter after the market close on Wednesday.
ServiceNow's launch of Xanadu & RaptorDB enhances AI capabilities and expands into the database market, strengthening its leadership in IT automation and service management. Q3 results showed 22% revenue growth and increased full-year guidance, with significant growth in high-value contracts, highlighting strong market relevance and leadership. Projected organic revenue growth is raised to 22%, driven by robust cPRO growth, market share gains, and new segment expansions, with additional growth from acquisitions.
ServiceNow, Inc. (NYSE:NOW ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Darren Yip - VP, IR William McDermott - Chairman and CEO Gina Mastantuono - CFO Conference Call Participants Alex Zukin - Wolfe Research Brad Zelnick - Deutsche Bank Mark Murphy - JPMorgan Kash Rangan - Goldman Sachs Keith Weiss - Morgan Stanley Brad Sills - Bank of America Michael Turrin - Wells Fargo Securities Karl Keirstead - UBS Gregg Moskowitz - Mizuho Derek Wood - TD Cowen Raimo Lenschow - Barclays Samad Samana - Jefferies Operator Good afternoon, and welcome to the ServiceNow Third Quarter 2024 Earnings Conference Call. Please note, that this call is being recorded.
Although the revenue and EPS for ServiceNow (NOW) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
ServiceNow (NOW) came out with quarterly earnings of $3.72 per share, beating the Zacks Consensus Estimate of $3.46 per share. This compares to earnings of $2.92 per share a year ago.
ServiceNow stock dipped after the enterprise software maker delivered Q3 earnings that topped estimates but guidance underwhelmed investors.
ServiceNow says businesses increasingly are turning to the company's software to improve employee productivity — and now AI is part of the mix.
ServiceNow forecast fourth-quarter subscription revenue above Wall Street estimates on Wednesday, indicating a robust demand as businesses turn to its AI-driven products for managing their IT services.
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ServiceNow (NOW) could produce exceptional returns because of its solid growth attributes.
NOW's strong portfolio and partner base offer a buying opportunity for growth-oriented investors ahead of third-quarter 2024 results.