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Servicenow Inc   (NYSE: NOW)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
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



 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


Customers Net Income grew by NOW's Customers Net Profit Margin grew to


3.08 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADBE        5.26% 
CRM        1.72% 
MSFT        2.84% 
ORCL        4.62% 
SQ        6.04% 
TEAM        6.82% 
• View Complete Report
   



Servicenow Inc

ServiceNow Surprises with Strong Revenue but EPS Slips in Q2 2024 Earnings

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.

Business Update

ServiceNow Bolsters GenAI-powered Search and Knowledge Management with Raytion Acquisition and Collaborations with IB...

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...

Business Update

Navigating Turbulent Waters ServiceNows Strategic Acquisition of Raytion Amidst Market Volatility ...

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...

Business Update

ServiceNow and IBM Join Forces to Amplify Influence of Generative AI in Enterprises Despite Sales Fluctuation

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...

Business Update

ServiceNow and Fujitsu Join Forces to Drive Cross-Industry Innovation

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...







Servicenow Inc's Segments
North America    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    11.33 % of total Revenue
Total subscription revenues    97.07 % of total Revenue





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