For the current quarter, ServiceNow is guiding for sales to come in between $2.995 billion and $3 billion -- representing growth of 18.75% year over year at the midpoint of the target. Remaining performance obligations at the end of the period are projected to be up 19.5%.
ServiceNow, subscription revenue
The decline in ServiceNow’s share price comes in the wake of a "lackluster outlook" for 2025 subscription growth on a slower artificial intelligence sales bump,"
ServiceNow forecast slightly slower growth ahead, even as executives noted that the shakeup caused by artificial intelligence offers significant upside to the cloud-based software company.
ServiceNow reported a mixed fourth quarter, forecasting subscription revenue that was just shy of Wall Street estimates. ServiceNow reported adjusted earnings of $3.67 a share after the stock market closed on Wednesday,
ServiceNow Inc (NYSE:NOW) shares are trading lower Thursday after the company reported soft financial results for the fourth-quarter. Here's what you need to know.
ServiceNow reported adjusted earnings of $3.67 a share after the stock market closed on Wednesday, while the consensus call among Wall Street analysts tracked by FactSet was $3.65 a share.
ServiceNow on Wednesday also reported 21% revenue growth in its fourth quarter and higher profit. Chief Executive Bill McDermott said the company is in the early innings of an opportunity spurred by the rise of AI. Write to Paul Ziobro at
[email protected]ServiceNow (NYSE: NOW) is one of the most well-known software companies. It is in the cloud and data storage industry, so it has been quite a hot name over the past few months. In fact, NOW stock is still up 25% despite the recent decline.
ServiceNow forecast slightly slower growth ahead after posting 21% revenue growth in the fourth-quarter. The cloud-based software company on Wednesday reported a profit of $384 million, or $1.83 a share, compared with a profit of $295 million, or $1.43 a share, in the year-ago quarter.