ServiceNow, Inc. (NYSE:NOW) Bernstein's 40th Annual Strategic Decisions Conference May 29, 2024 2:30 AM ET Company Participants CJ Desai - President and COO Conference Call Participants Peter Weed - Bernstein Peter Weed Hello, everybody. Welcome. Thank you for joining the session on ServiceNow. Johnson & Johnson was an hour ago. So if you're still here from that one, now we're going to focus on technology and how we can deliver a lot of growth. Last year, some of you may have joined a session that I had on ...

ServiceNow, Inc. (NYSE:NOW) Jefferies Software Conference May 29, 2024 2:00 PM ET Company Participants Gina Mastantuono - Chief Financial Officer Conference Call Participants Samad Samana - Jefferies Samad Samana Awesome. Thank you everybody for joining us. And most importantly, Gina, thank you for joining us today. I know that you have a very jam-packed schedule and I appreciate you making time for it. Question-and-Answer Session Q - Samad Samana So, we're only a few weeks removed from the Analyst Day. You ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about ServiceNow (NOW) . ServiceNow currently has an average brokerage recommend ...

Identifying the next set of growth stocks to buy can be a game-changer for Wall Street portfolios. Investors who buy a growth stock expect the company to grow its revenues and earnings significantly faster than an average industry peer or the overall market. For instance, the Vanguard Growth Index Fund ETF Shares (NYSEARCA:VUG) fund has returned over 38% since January. By comparison, the S&P 500 index has advanced shy of 29%. We should note that investing in growth stocks isn't without risks. These companie ...

It has been about a month since the last earnings report for ServiceNow (NOW) . Shares have added about 5.9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is ServiceNow due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ServiceNow Q1 Earnings Beat Estimates, Revenues U ...

Artificial intelligence has been in the limelight over the past one year, leading to investors to search for AI stocks to buy. Today, AI is not just a technological tool but a foundational element that is transforming how businesses interact with information, make decisions and interact with customers. Moreover, the revenues of $1.98 billion saw a significant 19.33% increase year-over-year (YoY). For the full year 2024, Palo Alto Networks anticipates billings between $10.10 billion and $10.20 billion, with ...

Company and Industry Overview * **Company**: ServiceNow, Inc. (NYSE:NOW) * **Industry**: Workflow automation, platform services, enterprise software * **Key Products**: IT Service Management (ITSM), IT Operations Management (ITOM), IT Asset Management, Human Capital Management (HCM), Customer Service, Security Operations, etc. * **Market Position**: Leader in workflow automation and platform services, with a strong focus on innovation and customer success. Core Points and Arguments * **Outstanding Growth**: ServiceNow is the only company among those with over $10 billion in revenue to achieve 20%+ growth rate in 2024, significantly outpacing its peers. * **Platform Strategy**: ServiceNow's platform approach allows it to consolidate multiple point solutions and provide a single platform for various use cases across the enterprise. * **Innovation and Product Development**: ServiceNow maintains a rapid pace of innovation, releasing 2-5 new products annually through its Navex unit. This focus on innovation drives customer value and contributes to the company's growth. * **AI Integration**: ServiceNow is at the forefront of AI integration, leveraging domain-specific models and small models for efficient performance and cost-effectiveness. * **Pro Plus**: Pro Plus, ServiceNow's AI-powered offering, has seen rapid adoption and is expected to become a significant revenue driver in the coming years. * **System of Record vs. System of Engagement**: ServiceNow aims to be a system of record in areas like IT and security, while providing a system of engagement in other areas like HCM and ERP, integrating with existing solutions rather than replacing them. * **Market Penetration**: ServiceNow has a long runway for growth, with only 1/4 to 1/5 of its total addressable market currently penetrated. Other Important Points * **Customer Success**: ServiceNow prioritizes customer success and focuses on providing value through its platform and solutions. * **Global Expansion**: ServiceNow continues to expand its presence internationally, targeting specific markets and regions. * **Efficiency**: ServiceNow emphasizes efficiency in headcount growth, focusing on software engineers and quota-carrying sales reps. * **Flexibility**: ServiceNow offers flexibility in licensing models, providing options for unrestricted user counts and seat-based counts. * **Long-term Vision**: ServiceNow has a long-term vision for growth, with a focus on innovation, customer success, and market expansion.

ServiceNow, Inc. (NYSE:NOW) J.P. Morgan Global Technology, Media and Communications Conference May 21, 2024 2:25 PM ET Company Participants CJ Desai - President and COO Mark Murphy A pleasure to have you. So maybe you could just give us a quick 30-second introduction of yourself and ServiceNow just for the benefit. In case there's anyone else -- anyone out here in this audience who's not totally familiar. CJ Desai Absolutely, I'm responsible overall for ServiceNow R&D, our innovation factory, new product in ...

MOMBASA, Kenya, May 20, 2024 /PRNewswire/ -- GivePower, an award-winning nonprofit helping solve the world's water and electrification needs, announced Friday afternoon the opening of two new solar-powered water systems in Kenya. The first of the two new systems is based in Migadini in Mombasa County and was made possible through the generous support of ServiceNow. It is the organization's eighth project with GivePower, including four Solar Water Farms and four electrification projects. Based in Makindu, th ...

MOMBASA, Kenya, May 20, 2024 /PRNewswire/ -- GivePower, an award-winning nonprofit helping solve the world's water and electrification needs, announced Friday afternoon the opening of two new solar-powered water systems in Kenya. The first of the two new systems is based in Migadini in Mombasa County and was made possible through the generous support of ServiceNow. It is the organization's eighth project with GivePower, including four Solar Water Farms and four electrification projects. Based in Makindu, th ...