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SERVICENOW, INC. - NOW STOCK NEWS

Welcome to our dedicated page for SERVICENOW news (Ticker: NOW), a resource for investors and traders seeking the latest updates and insights on SERVICENOW stock.

ServiceNow, Inc. (symbol: NOW) is an American software company headquartered in Santa Clara, California. It specializes in developing a cloud computing platform designed to help companies manage digital workflows across enterprise operations. By offering a comprehensive suite of software solutions, ServiceNow enables organizations to streamline and automate various business processes through a Software as a Service (SaaS) delivery model.

Originally focusing on IT Service Management (ITSM), ServiceNow has significantly expanded its capabilities. The company's platform now addresses various functions beyond IT, including customer service, HR service delivery, and security operations. This diversification allows enterprises to optimize multiple aspects of their operations through a single, integrated platform.

ServiceNow's recent achievements include partnerships with global enterprises to enhance their digital transformation journeys. The company's application development platform further enables businesses to create custom applications tailored to their specific needs. Financially, ServiceNow has shown robust performance, consistently delivering strong revenue growth and expanding its customer base worldwide.

Overall, ServiceNow continues to be a pivotal player in the enterprise software market, driving innovation and efficiency through its cutting-edge digital workflow solutions.

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ServiceNow (NYSE: NOW) has been recognized as a Leader in The Forrester Wave™: Task-Centric Automation Software (TCAS), Q4 2024. The company's Automation Engine received highest possible scores in advanced AI, vision, roadmap, and partner ecosystem criteria.

The Automation Engine includes pre-built integrations, automation tools, real-time data streaming, RPA, Agentic AI, and process mining capabilities. Powered by GenAI, it automates and orchestrates manual tasks, integrating with ServiceNow workflows on the Now Platform to enhance process efficiency and reduce operational costs.

The solution serves as the foundation for ServiceNow's Workflow Data Fabric, providing integration and data access capabilities that unlock enterprise data from any source, powering Now Assist and AI Agents.

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ServiceNow (NOW) and AWS have expanded their strategic collaboration to accelerate AI-driven business transformation. The partnership introduces a new connector enabling seamless use of multimodal models developed on Amazon Bedrock for GenAI-powered workflows in the Now Platform. New solutions available in AWS Marketplace include Security Incident Response integration with AWS Security Hub and Integration with Amazon Business Procurement. The collaboration will expand geographically to Canada and Europe in 2025, benefiting customers across telco, technology, financial services, education, and retail sectors. Major enterprises including Bell Canada, Boomi, and Pearson are already reporting significant value and cost savings from this partnership.

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ServiceNow (NOW) announced an expanded strategic alliance with Microsoft to modernize front-office business processes through AI integration. The partnership builds on their existing collaboration of ServiceNow Now Assist and Microsoft 365 Copilot, which enables self-service capabilities within Microsoft applications. The integration allows employees to search ServiceNow knowledge base, request services, and escalate cases through Microsoft Teams. Now Assist provides contextual responses and recommendations based on enterprise domain knowledge and Microsoft 365 data. The expanded partnership aims to create an AI-first business process transformation, with availability expected by Q1 2025.

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ServiceNow and Five9 have announced an expanded partnership to deliver an AI-powered solution that unifies employee and customer experiences. The integration combines ServiceNow Customer Service Management with Five9's Intelligent CX Platform to streamline service operations and reduce costs. The solution features three key capabilities: real-time transcription with GenAI-powered summaries, unified routing across digital channels, and a consolidated agent workspace with native call controls. These features aim to boost agent efficiency, improve customer satisfaction, and simplify contact center operations. The integrated capabilities are expected to be available to select customers in first half of 2025.

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ServiceNow (NYSE: NOW) announced new generative AI and governance innovations for the Now Platform, adding over 150 GenAI innovations to its portfolio. The update includes expanded Now Assist capabilities with AI Governance for secure practices, native multilingual support in eight languages, and new purpose-built solutions for configuration management, contract management, legal services, and health and safety.

Key features include Now Assist Guardian for AI monitoring, Data Kit for dataset management, and Analytics for tracking GenAI adoption. The platform introduces Workflow Data Fabric, enhancing data connectivity across enterprises, and expands its NVIDIA partnership for AI agent development. AI Governance for Now Assist will be generally available in Q1 2025.

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ServiceNow (NYSE: NOW) has released new research revealing how government organizations are leveraging AI for digital transformation. The study identifies 'Pacesetters' - organizations advanced in AI adoption - who achieve 1.5X faster returns on digital investments. These leaders report significant improvements in key areas:

- 50% higher asset utilization and return
- 49% improved compliance and risk management
- 47% increase in self-service success
- 45% higher citizen satisfaction

The research shows Pacesetters are effectively implementing end-to-end platforms, with 67% expecting advanced progress within three years. They're leveraging AI for personalized citizen communication, service improvement, and automated responses to citizen queries.

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ServiceNow (NOW) reported strong Q3 2024 financial results, with subscription revenues reaching $2,715 million, up 23% year-over-year. Total revenues grew 22% to $2,797 million. Current remaining performance obligations reached $9.36 billion, up 26% year-over-year. The company completed 15 transactions over $5 million in net new ACV, a 50% increase year-over-year. ServiceNow now has 2,020 customers with more than $1 million in annual contract value, representing 14% growth. Based on strong Q3 performance, the company raised its full-year 2024 subscription revenues guidance.

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ServiceNow (NYSE: NOW) has appointed Amit Zavery as president, chief product officer (CPO), and chief operating officer (COO), effective October 28, 2024. Zavery, a former Google Cloud and Oracle executive, brings over three decades of enterprise technology experience. At Google Cloud, he helped grow the company into the fourth largest enterprise software company, increasing annualized revenue from $7B to over $41B. Previously at Oracle, he rose from software engineer to executive vice president of product development, leading a team of 4,500 and generating more than $6B in annual revenue. In his new role, Zavery will oversee ServiceNow's platform, products, engineering, cloud infrastructure, and user experience.

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ServiceNow (NYSE: NOW) and Rimini Street (NASDAQ: RMNI) announced an expanded partnership to help organizations maximize value from existing ERP systems while enabling innovation. The partnership combines ServiceNow's AI Platform with Rimini Street's enterprise software support, offering an alternative to costly 'rip and replace' or limiting 'lift and shift' approaches. The solution includes the Now Platform for business transformation, Rimini Support for optimizing current software, and Rimini Manage for application management, promising significant savings and productivity gains in weeks rather than years.

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ServiceNow (NOW) and Pearson (PSON.L) announced a global, multi-year collaboration to enhance workforce development and employee experiences in the AI era. The three-year partnership includes: joint research on emerging technology's workforce impact, integration of Pearson's Credly solution into ServiceNow's platform for skills tracking and accreditation, and Pearson's expanded use of ServiceNow's AI-powered Now Platform to improve employee productivity and HR services. The collaboration aims to address the World Economic Forum's estimate that 1 billion people will need reskilling by 2030, focusing on helping organizations and employees adapt to AI-driven workplace transformation.

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FAQ

What is the current stock price of SERVICENOW (NOW)?

The current stock price of SERVICENOW (NOW) is $1088.26 as of December 23, 2024.

What is the market cap of SERVICENOW (NOW)?

The market cap of SERVICENOW (NOW) is approximately 225.1B.

What does ServiceNow, Inc. do?

ServiceNow, Inc. develops a cloud computing platform that helps companies manage digital workflows for enterprise operations.

Where is ServiceNow headquartered?

ServiceNow is headquartered in Santa Clara, California, USA.

What business processes does ServiceNow's platform automate?

ServiceNow's platform automates various business processes, including IT service management, customer service, HR service delivery, and security operations.

What delivery model does ServiceNow use for its software solutions?

ServiceNow provides its software solutions through a Software as a Service (SaaS) delivery model.

Has ServiceNow expanded beyond IT service management?

Yes, ServiceNow has expanded beyond IT service management to include customer service, HR service delivery, and security operations.

Does ServiceNow offer an application development platform?

Yes, ServiceNow offers an application development platform allowing businesses to create custom applications.

How has ServiceNow performed financially?

ServiceNow has shown robust financial performance, with strong revenue growth and an expanding customer base.

Who are ServiceNow's primary customers?

ServiceNow primarily serves enterprise customers looking to optimize their digital workflows and business processes.

What industries use ServiceNow's platform?

ServiceNow's platform is used across various industries including IT, customer service, human resources, and security operations.

What recent achievements has ServiceNow made?

Recent achievements for ServiceNow include forming partnerships with global enterprises to aid in their digital transformation efforts.

SERVICENOW, INC.

NYSE:NOW

NOW Rankings

NOW Stock Data

225.14B
205.60M
0.18%
91.8%
1.57%
Software - Application
Services-prepackaged Software
Link
United States of America
SANTA CLARA