SERVICENOW, INC. - NOW STOCK NEWS

ServiceNow (NYSE: NOW) announced on December 15, 2022, that its Compensation Committee granted equity awards to 196 new employees. In total, these awards represent 47,834 shares of common stock, part of the 2022 New-Hire Equity Incentive Plan. The shares will have a four-year vesting schedule, with 29.17% vesting after one year and the remainder vesting quarterly thereafter. This initiative is aimed at incentivizing new hires and aligning their interests with long-term company performance.

ServiceNow (NYSE: NOW) has been recognized as a Leader in The Forrester Wave™: Value Stream Management Solutions, Q4 2022. This evaluation highlights the company's robust VSM capabilities integrated into its IT Service Management and Strategic Portfolio Management solutions. Customers are expected to benefit from reduced time to value by up to 66% and enhanced software delivery efficiency. The Forrester report praises ServiceNow for its product support and planned enhancements, reinforcing its commitment to modernizing software delivery across enterprises.

On November 15, 2022, ServiceNow (NYSE: NOW) granted equity awards under its 2022 New-Hire Equity Incentive Plan to 379 new employees. This resulted in a total of 107,719 restricted stock units being issued, which will vest over a four-year period. Vesting begins with 25% after one year, followed by quarterly or bi-annual vesting based on the number of units granted. This initiative continues to enhance employee retention and investment in talent for the company.

ServiceNow (NYSE: NOW) announced its participation in three upcoming investor conferences, featuring presentations by key executives. Chairman Bill McDermott will present at the RBC Capital Markets Global Technology Conference on November 15 at 8:45 a.m. PT. COO CJ Desai will join a fireside chat at the Credit Suisse Technology Conference on November 30 at 1:20 p.m. PT, followed by CFO Gina Mastantuono at the Barclays Conference on December 8 at 3:30 p.m. PT. Live webcasts will be available on their investor relations website, archived for 30 days.

ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for IT Service Management (ITSM) Platforms for the ninth consecutive year. The company excelled in Ability to Execute and Completeness of Vision, scoring highest in Service Operations (3.73/5), Business Workflow Automation (3.81/5), and Service Desk (3.76/5) in the Gartner Critical Capabilities report. ServiceNow's ITSM solution offers a cloud-based platform that enhances IT delivery and productivity, empowering organizations to automate workflows and improve service experiences.

ServiceNow (NYSE: NOW) reported Q3 2022 financial results with subscription revenues reaching $1,742 million, exhibiting 22% year-over-year growth. Total revenues hit $1,831 million, up 21% year-over-year. The current remaining performance obligations stood at $5.87 billion, reflecting 18% growth. The customer base grew significantly, with a 60% increase in customers paying over $10 million annually. CEO Bill McDermott emphasized the company’s role in digital transformation. The guidance for Q4 2022 anticipates subscription revenues between $1,834 and $1,839 million.

ServiceNow (NYSE: NOW) has launched RiseUp, a global initiative aiming to skill one million individuals on its platform by 2024. This effort addresses the projected IT skills shortage impacting 90% of organizations, potentially costing over $6.5 trillion globally. The program emphasizes inclusivity by broadening the definition of tech talent through 600 free courses and job-related certifications. With a commitment to lowering barriers and expanding job opportunities, RiseUp aims to place newly skilled talent in positions across the digital economy.

ServiceNow (NYSE: NOW) has announced the availability of Lightstep UQL, enhancing observability for Kubernetes applications. This unified query language simplifies data management and improves consistency and maintainability by integrating observability into code. With the observability market projected to reach $9.08 billion by 2025, the tool aims to reduce data fragmentation across platforms. This is part of ServiceNow's strategy following its acquisition of Lightstep and Era Software, furthering unified telemetry across its services.