ServiceNow (NOW) came out with quarterly earnings of $3.67 per share, beating the Zacks Consensus Estimate of $3.58 per share. This compares to earnings of $3.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.51%. A quarter ago, it was expected that this maker of software that automates companies' technology operations would post earnings of $3.46 per share when it actually produced earnings of $3.72, delivering a surprise ...

"ServiceNow closed out the year exceeding Q4 expectations on top of our 'beat and raise' track record," said ServiceNow Chairman and CEO Bill McDermott. "AI is fueling a top to bottom re-ordering of the enterprise technology landscape. Leaders are embracing the ServiceNow Platform as their AI agent control tower to unlock exponential productivity and seamlessly orchestrate end-to-end business transformation. We are still in the early days of a massive opportunity. ServiceNow's innovation, growth, and profit ...

Core Viewpoint - ServiceNow is expected to report strong fourth-quarter 2024 results, with significant growth in both revenues and earnings compared to the previous year [2][4][23] Financial Performance - The Zacks Consensus Estimate for fourth-quarter revenues is $2.95 billion, reflecting a year-over-year growth of 21.21% [2] - The consensus estimate for earnings is $3.58 per share, indicating a growth of 15.11% year-over-year [2] - ServiceNow anticipates fourth-quarter subscription revenues between $2.875 billion and $2.88 billion, suggesting a year-over-year improvement of 21.5-22% on a GAAP basis [4] Customer Growth and Deal Activity - As of the end of Q3 2024, ServiceNow had 2,020 customers with over $1 million in annual contract value (ACV) [5] - The company closed 96 deals greater than $1 million in net new ACV during Q3 2024, including 15 deals over $5 million and six deals over $10 million [5] Generative AI Developments - ServiceNow's generative AI offerings are gaining traction, with 44 new Now Assist customers spending over $1 million in ACV in Q3 2024 [6] - The company has successfully increased prices for its Gen AI offerings by approximately 30% [6] - The total addressable market for ServiceNow's Gen AI capabilities is projected to reach $275 billion by 2026 [15] Stock Performance - ServiceNow shares have returned 47.9% over the past 12 months, outperforming the Zacks Computer & Technology sector's 28.6% and the Computers – IT Services industry's 12.1% [7] Strategic Partnerships - ServiceNow has established significant partnerships with major companies such as Amazon, Microsoft, and NVIDIA, which are expected to enhance its market position [19] - The expanded collaboration with Amazon Web Services aims to accelerate AI-driven business transformation [20] - The partnership with Microsoft focuses on modernizing front-office business processes through AI integration [21] Innovation and Product Development - The latest update, Xanadu, introduces AI-powered solutions across various industries, enhancing customer agility and productivity [15][16] - ServiceNow plans to integrate Agentic AI into its platform to improve productivity and issue resolution [17] - The company is adding over 150 GenAI innovations to its portfolio, including AI governance features for secure practices [18]

Cutting-edge business automation software developer ServiceNow (NOW 2.58%) easily surmounted the hump of Hump Day. Its share price rose by nearly 3% on the day thanks to news about its partner program. That was more than good enough to top the S&P 500 index's 0.6% increase.An important program gets a boostServiceNow announced at its annual Sales Kickoff event that it is expanding that program. The company said it has almost quadrupled its investments into aspects of the initiative, including fresh incentive ...

The market expects ServiceNow (NOW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 29, 2025, might help the stock move higher if these key numbers ar ...

Abnormal Security, a startup selling email security software to companies, said on Wednesday that it's hired former ServiceNow finance executive Lisa Banks as chief financial officer as the company gears up to prepare for an IPO.Abnormal is going after a longstanding market, which includes incumbents Mimecast and Proofpoint, adding a layer of artificial intelligence that spots attacks in email messages. Other startups such as Material Security and Sublime Security offer competitive email tools."We're disrup ...

TORONTO, Jan. 20, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSX-V: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, announces that the Company has terminated its Capital Markets Advisory Agreement with Sophic Capital Inc. (“Sophic”), effective January 17, 2025. “We thank Sophic for their dedication and contributions during their engagement and their efforts in supporting our shareholder communications,” said Sandeep Mendiratta, CEO of NowVertical. “As NowVertical conti ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider ServiceNow (NOW) . This company, which is in the Zacks Computers - IT Services industry, shows potential for another earnings beat.When looking at the last two reports, this maker of software that automates companies' technology operations has recorded a strong streak of surpassing earnings estimates. The company has topped es ...

ServiceNow plans to further the development of its artificial intelligence agents by acquiring Cuein.Cuein’s experience in AI native conversation data analysis and insights will enhance the ability of ServiceNow’s AI agents to understand and process data from customer interactions, transforming that data into actionable insights, the companies said in a Friday (Jan. 17) press release.ServiceNow signed an agreement to acquire Cuein and expects to close the transaction during the first quarter, according to t ...

For Immediate ReleaseChicago, IL – January 17, 2025 – Today, Zacks Equity Research Equity ServiceNow (NOW) , EPAM Systems (EPAM) and DXC Technology (DXC) .Industry: IT ServicesLink: https://www.zacks.com/commentary/2398353/3-it-services-stocks-worth-betting-on-from-a-prospering-industryThe Zacks Computers – IT Services industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been a ...