SERVICENOW, INC. - NOW STOCK NEWS

AT&T and ServiceNow have launched a new Telecom Network Inventory product aimed at assisting telecom companies in managing their 5G and fiber networks globally. Developed with AT&T's strategic guidance, this platform offers a consolidated view of network inventory, enhancing operational efficiency and customer service.

The product addresses challenges in current network management systems by providing a single platform for better data connectivity and operational agility. AT&T plans to deploy this tool internally soon, while ServiceNow continues its commitment to innovate in the telecom sector.

ServiceNow (NYSE: NOW) announced its participation in the upcoming Morgan Stanley 2023 Technology, Media and Telecom Conference. Bill McDermott, Chairman and CEO, will present on Wednesday, March 8, at 12:55 p.m. PT. Investors can access the live webcast here. The presentation will be available for 30 days after the event on the ServiceNow investor relations page.

On February 15, 2023, ServiceNow (NYSE: NOW) announced that its Compensation Committee granted equity awards to 372 newly hired employees, totaling 106,051 restricted stock units. These awards are part of the 2022 New-Hire Equity Incentive Plan and feature a four-year vesting schedule, with vesting occurring quarterly or biannually based on unit allocation. This initiative aims to attract talent and enhance employee retention, reinforcing ServiceNow's position as a leading digital workflow company.

NewRocket, a ServiceNow Elite Partner, announced on February 8, 2023, the integration of its internal learning platform, NewRocket University, with ServiceNow's Now Learning API as part of the RiseUp initiative, aiming to train 1 million individuals by 2024. This collaboration enhances learning experiences through access to over 8,000 LinkedIn Learning courses and facilitates career development and feedback for employees. NewRocket is the first partner to connect its learning system with Now Learning, a step that underscores its commitment to employee growth and its recognition as the 2023 Creator Workflow Partner of the Year.

ServiceNow reported its Q4 2022 financial results, surpassing guidance expectations with subscription revenues reaching $1,860 million, a 22% year-over-year growth. Total revenues were $1,940 million, reflecting a 20% increase year-over-year. Current remaining performance obligations (cRPO) stood at $6.94 billion, marking a 22% growth. The company benefited from a strong net expansion, achieving over 30% growth in net new annual contract value (NNACV) from new logos. With a solid customer base growth of 22%, ServiceNow maintains momentum entering 2023, projecting Q1 subscription revenues of $1,990-$2,000 million.

ServiceNow, in collaboration with The Demo Forum and IT-Harvest, has unveiled a partnership aimed at enhancing the cybersecurity solutions available to its customers. This initiative will feature the ServiceNow Partner Pavilion at the SecOps Demo Forum, showcasing integrations with various SecOps vendors. The resources provided will include demonstrations on vendor capabilities, configuration, and deployment within the ServiceNow platform, facilitating a centralized view of security technologies. Production of content begins in January, culminating in a live Cybersecurity Meetup scheduled for March 27-28, 2023.

ServiceNow (NYSE: NOW) announced the granting of equity awards to 90 newly hired employees on January 17, 2023. The awards total 23,392 restricted stock units, which will vest over four years. Approximately 27% of these shares will vest after one year, with the remaining portions vesting quarterly or biannually based on the number of shares awarded to each employee. This initiative aims to incentivize talent retention and align employees' interests with shareholder value.

ServiceNow (NYSE: NOW) has announced a major transformation of its Partner Program, aiming to capitalize on a $500 billion market opportunity. Revealed during the Partner Kickoff event in Las Vegas, the updated program features a new Partner Development Fund and includes four distinct participation modules: Build, Consulting & Implementation, Resale, and Service Provider. This evolution is designed to enhance partner flexibility and growth, enabling them to collaborate more effectively with ServiceNow and better serve customers. The new program will be available from March 6, 2023.

ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, marking its third consecutive year in this position. The company’s Creator Workflows enable users of all skill levels to develop and deploy applications quickly using low-code tools on the Now Platform. This recognition emphasizes the platform's ability to address workforce challenges such as IT talent gaps. Key offerings include App Engine, Integration Hub, and Automation Engine, which enhance cross-enterprise automation and reduce development times.