ServiceNow's Q3 results exceeded expectations, with strong financial performance driven by AI adoption, but short-term valuation concerns have led to a Hold rating. Subscription revenue grew by 22.5% YoY, the operating margin surpassed guidance, and the free cash flow margin increased significantly, showcasing robust operational achievements. Despite strong long-term prospects, high valuation m...
Shares of ServiceNow (NOW) traded at an all-time high Thursday, a day after the software and IT services provider posted better-than-expected results and boosted its guidance as demand for its artificial intelligence (AI) platform boomed.
ServiceNow's launch of Xanadu & RaptorDB enhances AI capabilities and expands into the database market, strengthening its leadership in IT automation and service management. Q3 results showed 22% revenue growth and increased full-year guidance, with significant growth in high-value contracts, highlighting strong market relevance and leadership. Projected organic revenue growth is raised to 22%,...
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.