Servicenow Inc (NYSE: NOW) |
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Price: $1,071.4800
$14.32
1.355%
|
Day's High:
| $1080
| Week Perf:
| 5.49 %
|
Day's Low: |
$ 1,062.00 |
30 Day Perf: |
-5.17 % |
Volume (M): |
1,082 |
52 Wk High: |
$ 1,157.90 |
Volume (M$): |
$ 1,159,234 |
52 Wk Avg: |
$845.97 |
Open: |
$1,072.58 |
52 Wk Low: |
$637.99 |
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Market Capitalization (Millions $) |
223,459 |
Shares
Outstanding (Millions) |
209 |
Employees |
22,668 |
Revenues (TTM) (Millions $) |
10,464 |
Net Income (TTM) (Millions $) |
1,336 |
Cash Flow (TTM) (Millions $) |
223 |
Capital Exp. (TTM) (Millions $) |
1,026 |
Servicenow Inc
ServiceNow is a leading provider of enterprise cloud computing solutions that
define, structure, manage and automate services for global enterprises. We help
our customers improve service quality and reduce costs while scaling and automating
their businesses.
We offer a comprehensive set of cloud-based services that automate workflow
within and between departments in an enterprise. Historically, our focus was
on solving challenges found in enterprise information technology (IT) departments,
and we pioneered the use of the cloud to deliver IT service management applications.
We now provide workflow solutions that go beyond the scope of the IT department
to include service management for customer service, human resources, security
operations and other enterprise departments where a patchwork of semi-automated
and manual processes had been used in the past. Using our cloud services, users
can easily request business services from these departments, actions and responses
can be automated within the enterprise, the quality of service provided by these
departments improves, and overall the business runs more efficiently.
All of our cloud services are built on our proprietary platform, which features
one code base and one data model. Our platform also enables customers to easily
create, by themselves or with our partners, their own service-oriented business
applications across the enterprise. We deliver our software via the Internet
as a service, through an easy-to-use, consumer product-like interface, which
means it can be easily configured and rapidly deployed.
We market our services to enterprises in a wide variety of industries, including
financial services, consumer products, IT services, health care, government,
education and technology. We sell our subscription services primarily through
direct sales and, to a lesser extent, through indirect channel sales. We also
offer a portfolio of professional and other services, both directly and through
our network of partners.
Company Address: 2225 Lawson Lane Santa Clara 95054 CA
Company Phone Number: 501-8550 Stock Exchange / Ticker: NYSE NOW
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Customers Net Income grew by |
NOW's Customers Net Profit Margin grew to |
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3.08 %
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Stock Performances by Major Competitors |
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Servicenow Inc
ServiceNow Inc: Future Implications of Recent Financial Performance and Market Trends
ServiceNow Inc., based in Santa Clara, California, has made notable headlines with its second-quarter financial results for the fiscal year ending June 30, 2024. Despite announcing robust subscription revenues and significant year-over-year growth, ServiceNow's share performance has lagged behind the overall market return, raising questions about its future trajectory. This article analyzes the recent financial performance of ServiceNow, including subscription revenues, earnings per share, and strategic acquisitions, and explores the implications for the company moving forward.
Financial Performance Overview
Subscription Revenue Growth ServiceNow reported subscription revenues of $2.542 billion for Q2 2024, reflecting a commendable 23% increase year-over-year. This growth rate in constant currency demonstrates ServiceNow?s resilient market position and ability to leverage its cloud-based platform, a significant advantage in the competitive Software & Programming industry.
Earnings and Profitability Metrics Despite the impressive revenue growth, the company?s earnings per share (EPS) dropped to $1.26 from $5.08 in Q2 2023. This sharp decline of approximately 75% is alarming and raises concerns among investors. Although ServiceNow's revenues increased by 22% on a year-over-year basis, it is noteworthy that net earnings plummeted by about 75% to $262 million compared to $1,044 million in the previous year. Such a disparity suggests that while sales are improving, factors leading to increased costs or strategic investments may be impacting profitability adversely.
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Business Update
Published Thu, Jul 25 2024 4:15 AM UTC
ServiceNow Acquires Raytion to Enhance GenAI-powered Search and Knowledge Management Functions on Now PlatformSANTA CLARA, California - ServiceNow, the leading AI platform for business transformation, has announced its acquisition of Raytion to bolster its GenAI-powered search and knowledge management capabilities on the Now Platform. The cutting-edge technology developed by...
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Business Update
Published Wed, Jul 24 2024 12:47 PM UTC
In an industry where rapid technological advancements are the norm, ServiceNow Inc. (NYSE: NOW) has taken a significant step forward by acquiring Raytion, a company known for its industry-leading information retrieval technology. This strategic move aims to bolster ServiceNow?s GenAI-powered search and knowledge management capabilities on its Now Platform. Despite facing rev...
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Business Update
Published Thu, May 9 2024 2:24 AM UTC
In a revolutionary development at ServiceNow?s annual customer and partner event, Knowledge 2024, the enterprise announced a strategic collaboration with IBM, paving the way for an accelerated transference of Generative AI (GenAI) across various enterprises. ServiceNow (NYSE: NOW), globally renowned for its AI platform designed to aid business transformation, will now be for...
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Business Update
Published Tue, May 7 2024 6:47 PM UTC
ServiceNow and Fujitsu Announce Strategic Commitment to Launch Innovative Cross-Industry SolutionsLAS VEGAS Knowledge 2024 - ServiceNow, the AI platform for business transformation, and Fujitsu Limited, a leader in IT services and digital transformation solutions, have announced a new strategic commitment at ServiceNow s annual customer and partner event, Knowledge 2024. The...
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Per Share |
Current |
Earnings (TTM) |
6.41 $ |
Revenues (TTM) |
50.17 $
|
Cash Flow (TTM) |
1.07 $ |
Cash |
25.39 $
|
Book Value |
44.55 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
6.41 $
|
Revenues (TTM) |
50.17 $ |
Cash Flow (TTM) |
1.07 $ |
Cash |
25.39 $
|
Book Value |
44.55 $ |
Dividend (TTM) |
0 $ |
|
|
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North America |
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63.57 % |
of total Revenue |
EMEA |
|
25.03 % |
of total Revenue |
Asia Pacific and other |
|
11.41 % |
of total Revenue |
Digital workflow products |
|
85.73 % |
of total Revenue |
ITOM products |
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11.33 % |
of total Revenue |
Total subscription revenues |
|
97.07 % |
of total Revenue |
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