ServiceNow tops estimates, approves 5-for-1 stock split

Core Insights - ServiceNow reported third-quarter results that exceeded Wall Street estimates, leading to a 4% increase in shares [1] - The company approved a five-for-one stock split [1] Financial Performance - Third-quarter subscription revenues reached $3.3 billion, surpassing the $3.26 billion estimate [2] - Overall revenues grew by 22% compared to the same period last year [2] - Earnings per share were $4.82 adjusted, exceeding the expected $4.27 [4] - Total revenue for the quarter was $3.41 billion, above the expected $3.35 billion [4] Guidance and Future Outlook - ServiceNow raised its full-year guidance for subscription revenue to a range of $12.84 billion to $12.85 billion, up from the previous range of $12.78 billion to $12.80 billion [2] Industry Trends - The company is benefiting from the ongoing artificial intelligence transformation, which is driving businesses to adopt new tools [3] - CEO Bill McDermott emphasized that every enterprise is focused on AI as a key innovation opportunity [3]