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NowVertical Group to Participate in Bristol Capital–Hosted Webinar to Showcase Business Overview
Globenewswire· 2025-06-18 12:00
Company Overview - NowVertical Group Inc. is a global data and analytics company that specializes in transforming data into business value using AI technologies [4] - The company offers a comprehensive suite of solutions and services that enable clients to optimize decision-making, improve operational efficiency, and unlock long-term value from their data [4] - NowVertical is pursuing growth both organically and through strategic acquisitions [4] Webinar Announcement - NowVertical will participate in an investor webinar hosted by Bristol Capital Ltd. on June 24, 2025, at 2 PM EST [1][7] - The webinar will cover key areas of the company's business, including strategic direction, latest developments, and growth strategy for 2025 and beyond [7] - Attendees will have the opportunity to engage in a live Q&A session during the webinar [7] Registration Details - Investors, analysts, media, and other stakeholders can register for the webinar via the provided Bristol Capital registration link [3] - A replay of the webinar will be available on NowVertical's investor relations page after the live event [3]
Can ServiceNow's Core Business Suite Launch Boost Subscriptions?
ZACKS· 2025-06-12 16:46
Core Insights - ServiceNow's enterprise workflow automation suite is gaining traction as companies adopt digital tools to streamline operations across various departments [1][4] - The Now platform serves as a crucial driver for workflow automation and cross-functional service delivery [2] Product Development - ServiceNow's latest Core Business Suite extends the Now platform into finance and supply chain operations, automating back-office functions without replacing existing ERP systems [3][11] - The Core Business Suite workflows are powered by Now Assist, which utilizes AI for automating tasks such as document handling and issue resolution [3] Financial Performance - In Q1 2025, ServiceNow reached 508 customers generating over $5 million in Annual Contract Value (ACV), reflecting a 20% year-over-year growth [4][11] - Subscription revenues hit $3.01 billion in Q1 2025, marking a 20% year-over-year growth in constant currency, surpassing the Zacks Consensus Estimate by 0.28% [5][11] Competitive Landscape - ServiceNow faces intense competition in workflow automation from Oracle and Pegasystems, both enhancing their automation capabilities across finance and operations [6] - Oracle is leveraging its Fusion Cloud Applications to offer AI-powered tools for finance and supply chain, while Pegasystems is enhancing its Pega Platform with low-code automation and generative AI capabilities [7][8] Stock Performance and Valuation - ServiceNow's shares have declined 5.2% year to date, underperforming the broader Zacks Computer & Technology sector's return of 2.4% [9] - The forward 12-month Price/Sales ratio for ServiceNow is 14.77X, compared to the industry's 19.35X, indicating a premium valuation [13]
人工智能行业深度报告:海外应用厂商:AI加速商业化,静待百花盛开时
ZHESHANG SECURITIES· 2025-06-11 09:25
Investment Rating - The industry investment rating is "Positive" (maintained) [3] Core Insights - The AI application vendors in the US stock market achieved a total revenue of $23.599 billion in Q1 2025, with a year-over-year growth of 12.1%, and an average revenue growth rate of 20.37% [1][11] - The IT service vendors in the US stock market reported a total revenue of $37.612 billion in Q1 2025, reflecting a year-over-year increase of 5.59% [1][34] - The willingness of enterprises to invest in AI is rapidly growing, with expectations for global enterprise software and IT service spending to reach $1.25 trillion and $1.73 trillion in 2025, respectively [2][56] Summary by Sections 1. Industry Perspective: AI Deployment Demand Growth Opens SaaS and IT Service Market Space - AI application vendors in the US stock market showed significant improvement in profitability and operational efficiency in Q1 2025, with a combined net profit of $4.774 billion, a year-over-year increase of 55.76% [1][13] - The average operating profit margin for these vendors was 15.81%, up by 1.61 percentage points year-over-year [1][17] - The combined RPO (Remaining Performance Obligation) for AI application vendors reached $132.266 billion in Q1 2025, a year-over-year growth of 16.48% [1][26] 2. Tracking Overseas AI Application Vendors - Salesforce reported a revenue of $9.829 billion in Q1 2026, with a year-over-year growth of 7.62% [2][67] - Adobe's AI-first related product orders exceeded $125 million in Q1 2025, with expectations to double by the end of FY25 [2][33] - HubSpot's Copilot user base grew to over 660,000 in Q1 2025, reflecting a significant increase from 270,000 in Q4 2024 [2][33] 3. Recommendations for Focused Targets - Suggested targets include companies involved in Agent applications such as iFlytek and Focus Technology, as well as AI vertical applications like Kingsoft Office and Foxit Software [3]
ServiceNow (NOW) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-06-04 22:51
Core Viewpoint - ServiceNow's stock performance shows a slight increase, with upcoming earnings expected to reflect significant growth in both EPS and revenue [1][3][4]. Company Performance - ServiceNow's stock closed at $1,012.74, up 0.18% from the previous day, outperforming the S&P 500's gain of 0.01% [1]. - Over the past month, ServiceNow shares increased by 4.73%, lagging behind the Computer and Technology sector's gain of 7.95% and the S&P 500's gain of 5.2% [2]. Earnings Expectations - The upcoming earnings report is anticipated to show an EPS of $3.53, representing a 12.78% increase year-over-year, with revenue expected to reach $3.12 billion, up 18.79% from the prior year [3]. - For the full year, analysts project earnings of $16.51 per share and revenue of $13.01 billion, indicating increases of 18.61% and 18.42%, respectively, compared to last year [4]. Analyst Sentiment - Recent changes in analyst estimates for ServiceNow are crucial, as positive revisions indicate optimism regarding the company's business and profitability [5]. - The Zacks Rank system, which reflects these estimate changes, currently rates ServiceNow as 3 (Hold), with a recent consensus EPS projection increase of 0.27% [7]. Valuation Metrics - ServiceNow is trading at a Forward P/E ratio of 61.23, significantly higher than the industry average of 19.74 [8]. - The company has a PEG ratio of 2.58, compared to the industry average PEG ratio of 2.2, indicating a premium valuation relative to projected earnings growth [8]. Industry Context - The Computers - IT Services industry, which includes ServiceNow, ranks in the top 26% of all industries, according to the Zacks Industry Rank [9].
Should You Buy, Sell, or Hold ServiceNow Stock at 14.92X P/S?
ZACKS· 2025-06-04 17:41
Core Viewpoint - ServiceNow (NOW) shares are considered overvalued with a Value Score of F, trading at a forward 12-month Price/Sales ratio of 14.92X, significantly higher than the Computer & Technology sector's average of 6.21X [1][11]. Financial Performance - Year-to-date, NOW's shares have declined by 4.6%, while the Zacks Computer & Technology sector has seen a minor decline of 0.3%. The decline in NOW's shares is attributed to a worsening macroeconomic environment following tariff impositions by the U.S. government [4]. - Despite the overall decline, NOW has outperformed the Zacks Computers – IT Services industry's decline of 6.4% [4]. Growth Drivers - ServiceNow is benefiting from increased adoption of its workflows by enterprises undergoing digital transformation, supported by an expanding portfolio, strategic acquisitions, and a robust partner network [5]. - The introduction of the Core Business Suite in May 2025, an AI-powered solution aimed at streamlining core business operations, is a significant development [8]. - The launch of AI agents in Security and Risk solutions enhances enterprise security and risk management capabilities [9][12]. - The acquisition of Logik.ai in April 2025 is expected to strengthen ServiceNow's CRM offerings, particularly in sales and order management [13]. Customer and Partner Expansion - In Q1 2025, ServiceNow secured 72 transactions exceeding $1 million in net new annual contract value (ACV) and expanded its customer base to 508 customers with over $5 million in ACV, reflecting a 20% year-over-year growth [14]. - Key partnerships with major companies such as AWS, Microsoft, NVIDIA, and Vodafone have been instrumental in enhancing ServiceNow's offerings and market reach [15][16][17]. Earnings Estimates - The Zacks Consensus Estimate for Q2 2025 earnings is $3.53 per share, indicating a 12.78% increase from 2024's reported figure. Revenue estimates for the same period are pegged at $3.12 billion, suggesting an 18.79% growth over 2024 [18].
ServiceNow vs. Pegasystems: Which Workflow Automation Stock Leads Now?
ZACKS· 2025-06-03 17:16
Core Insights - ServiceNow (NOW) and Pegasystems (PEGA) are key players in the workflow automation sector, leveraging automation and AI to enhance business processes [1][2] - The workflow automation market is projected to grow from $23.77 billion in 2025 to $37.45 billion by 2030, with a CAGR of 9.52% [2] ServiceNow (NOW) Overview - ServiceNow is experiencing increased adoption of its workflows as enterprises undergo digital transformation [3] - The company reported 72 transactions exceeding $1 million in net new annual contract value (ACV) in Q1 2025, with a total of 508 customers having more than $5 million in ACV, reflecting a 20% year-over-year growth [4] - In May 2025, ServiceNow launched its Core Business Suite, an AI-powered solution aimed at streamlining core business operations across various departments [5] - A strong partner ecosystem, including major companies like Amazon and Microsoft, is a significant driver for ServiceNow's future growth [6] Pegasystems (PEGA) Overview - Pegasystems is benefiting from the demand for its GenAI Blueprint solution, which utilizes AI to enhance enterprise workflow applications, with over 1,000 new Blueprints created weekly [7][10] - PEGA has expanded its platform with advanced AI capabilities to modernize legacy systems into cloud-ready applications [8] - The company introduced the Powered by Pega Blueprint solution, allowing system integrators to incorporate their expertise into Pega's AI-driven workflow designer [9] - PEGA reported a 13% year-over-year increase in ACV to $1.45 billion in Q1 2025, driven by the strong demand for its GenAI Blueprint [10] Stock Performance and Valuation - Year-to-date, NOW shares have decreased by 4.5%, while PEGA shares have increased by 4% [12] - NOW has a forward Price/Sales ratio of 14.95X, significantly higher than PEGA's 5.04X [11][15] - The Zacks Consensus Estimate for NOW's 2025 earnings is $16.51 per share, indicating an 18.61% year-over-year increase, while PEGA's estimate is $3.30 per share, reflecting an 8.91% increase [17] Conclusion - Both NOW and PEGA are positioned to benefit from the growing workflow automation market, but PEGA shows greater upside potential due to its rising adoption of GenAI Blueprint and strong partner engagement [19]
NowVertical Secures Up to $26 Million USD in Financing with HSBC to Fuel Growth
Globenewswire· 2025-05-30 12:00
Core Viewpoint - NowVertical Group Inc. has entered into a senior secured facilities agreement with HSBC UK Bank, providing access to credit facilities of up to $26 million, which will significantly lower the company's cost of capital and enhance access to non-dilutive funding [1][2][3]. Group 1: Financing Details - The Facilities Agreement allows NowVertical UK Ltd. and NowVertical Group, Inc. to access credit facilities of up to $18 million, with the potential to increase this by an additional $8 million upon HSBC's approval, totaling up to $26 million [2]. - The financing includes a $6 million term loan, amortizing over 5 years, and a $12 million revolving credit facility with an initial 3-year term, extendable for up to 24 months [3][4]. - The interest rates on the Facilities range from 2.25% to 3.75% for the term loan and from 1.75% to 3.25% for the revolving credit facility, with an initial blended interest rate of approximately 7.25% [4]. Group 2: Strategic Implications - The financing agreement is described as transformational, simplifying the capital structure by consolidating existing debt into a single long-term facility, which will provide immediate access to capital for organic growth and strategic acquisitions [3]. - The company plans to use a portion of the funds to repay existing debt, thereby preserving cash and reducing the overall cost of capital [3][5]. - The agreement reflects institutional confidence in NowVertical's vision and growth strategy, positioning the company for scalable and strategic growth [3][6]. Group 3: Company Overview - NowVertical is a global data and analytics company that helps clients transform data into business value using AI, offering a comprehensive suite of solutions and services [8]. - The company is focused on organic growth and strategic acquisitions, aiming to optimize decision-making and improve operational efficiency for its clients [8].
ServiceNow (NOW) FY Conference Transcript
2025-05-28 16:00
Summary of ServiceNow (NOW) FY Conference Call - May 28, 2025 Company Overview - **Company**: ServiceNow (NOW) - **Industry**: Software, specifically focused on business transformation and workflow automation Core Business Segments - ServiceNow operates primarily in three business areas: - IT Service Management (ITSM) - Customer Relationship Management (CRM) - Core Business Workflows (HR, finance, procurement, legal, supply chain) [6][9][16] Key Insights and Strategies - **AI Platform for Business Transformation**: ServiceNow emphasizes its role as an AI platform aimed at transforming business processes, not just as an IT service management tool [6][7][30] - **Market Leadership in ITSM**: ServiceNow is recognized as the clear market leader in ITSM, serving as a critical tool for CIOs in managing technology portfolios [7][8] - **Integration Across Functions**: The platform's ability to integrate workflows across various departments (HR, finance, etc.) provides a competitive advantage, allowing for streamlined processes and improved efficiency [10][21][22] - **Value-Added Layer**: ServiceNow does not replace existing core systems (like HCM or general ledger) but adds a layer of value on top, enhancing processes such as employee onboarding and procurement [18][21][30] Growth Opportunities - **Expansion into Adjacent Functions**: The company is focusing on expanding its services into HR, finance, and procurement, leveraging existing ITSM capabilities to address similar challenges in these areas [11][12][29] - **Cost Savings as a Strategic Priority**: With macroeconomic uncertainties, companies are prioritizing cost savings in back-office functions, making ServiceNow's offerings increasingly relevant at the C-suite level [29][30] - **AI Integration**: The introduction of AgenTeq AI aims to enhance decision-making and automate processes across departments, further driving efficiency and value for customers [82][84] Customer Engagement and Adoption - **Customer Journey**: Typically, customers start their journey with ServiceNow by improving IT processes, which then leads to broader adoption across other departments as they recognize the platform's value [37][38] - **Tailored Solutions**: ServiceNow tailors its solutions based on specific customer pain points, whether it be reducing real estate costs or streamlining procurement processes [39][41] Competitive Advantages - **Agentic Platform**: ServiceNow's unique agentic platform allows for orchestration and reasoning over requests, differentiating it from other transactional systems [91][94] - **Data Access and Integration**: The platform's ability to integrate with over 200 systems and utilize data without duplication enhances its effectiveness in providing comprehensive solutions [94][96] - **Deterministic Workflow Leadership**: ServiceNow combines deterministic workflows with agentic capabilities, allowing for both mandated processes and intelligent recommendations [96] Financial Considerations - **CapEx Strategy**: ServiceNow's higher CapEx is attributed to its infrastructure model, which allows for customer control over upgrades and ensures strong operational margins [65][67][69] - **Pricing Model**: The company employs a hybrid pricing model for AI, allowing customers to scale their usage based on the value derived from the technology [59][60] Conclusion - ServiceNow is positioned as a leader in the software industry, focusing on business transformation through AI and integrated workflows. The company's strategy emphasizes adding value across various business functions while maintaining strong customer engagement and addressing specific pain points. The integration of AI and a robust data fabric further solidifies its competitive edge in the market.
ServiceNow: Nothing Stops The AI Train
Seeking Alpha· 2025-05-28 12:15
Group 1 - The article discusses the recent upgrade of ServiceNow (NYSE: NOW) stock to a "buy" due to accelerating AI revenue from its Now Assist platform and increasing adoption of its GenAI [1] - The investment strategy of a boutique family office fund led by Amrita focuses on sustainable, growth-driven companies that aim to maximize shareholder equity [1] - Amrita has a background in high-growth supply-chain start-ups and has experience in maximizing returns for clients during the pandemic [1] Group 2 - Amrita's newsletter, The Pragmatic Optimist, emphasizes portfolio strategy, valuation, and macroeconomics, aiming to democratize financial literacy [1] - The newsletter has been recognized as the Top Newsletter in Finance on popular platforms, indicating its influence and reach in the financial community [1]
ServiceNow (NOW) Up 8.2% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-05-23 16:36
Core Viewpoint - ServiceNow shares have increased by approximately 8.2% since the last earnings report, outperforming the S&P 500, but there are concerns about whether this positive trend will continue leading up to the next earnings release [1] Estimates Movement - Estimates for ServiceNow have trended downward over the past month, with the consensus estimate shifting down by 5.72% [2] VGM Scores - ServiceNow has a Growth Score of A, a Momentum Score of C, and a Value Score of F, placing it in the bottom 20% for the value investment strategy. The overall aggregate VGM Score is C [3] Outlook - The downward trend in estimates indicates a negative shift, and ServiceNow holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - ServiceNow is part of the Zacks Computers - IT Services industry, where Infosys has gained 3.9% over the past month. Infosys reported revenues of $4.73 billion for the last quarter, reflecting a year-over-year increase of 3.6% [5] Infosys Earnings Expectations - Infosys is projected to post earnings of $0.19 per share for the current quarter, indicating a year-over-year change of 5.6%. The Zacks Consensus Estimate for Infosys has remained unchanged over the last 30 days, and it also holds a Zacks Rank of 3 (Hold) [6]