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 (NYSE: NOW) delivers a cloud-based platform powering digital workflow automation for global enterprises. This news hub provides investors and stakeholders with timely updates on corporate developments shaping the future of enterprise SaaS solutions.
Access official press releases, earnings reports, and strategic partnership announcements alongside analysis of operational milestones. Our curated collection covers product innovations in IT service management, customer experience tools, and security operations solutions.
Key updates include quarterly financial results, leadership changes, platform enhancements, and industry recognition. Bookmark this page to monitor how ServiceNow's expanding capabilities in HR service delivery and AI-powered automation impact its market position.
All content is sourced from verified corporate communications and regulatory filings, ensuring reliable tracking of the company's growth in digital transformation services. Return regularly for comprehensive coverage of NOW's evolving role in enterprise cloud computing.
The latest release from ServiceNow, the Now Platform Utah, introduces AI-driven process mining and robotic process automation (RPA) capabilities, enhancing operational agility amidst economic uncertainties. Key improvements include advanced search features, expanded workforce optimization tools, and health and safety incident management. According to IDC, digital technology spending is expected to grow significantly, with up to 40% of revenue for G2000 companies deriving from digital products by 2026. ServiceNow aims to enable organizations to maximize efficiency and accelerate ROI through its intelligent platform offerings.
ServiceNow (NYSE: NOW) announced on March 15, 2023, the granting of equity awards under its 2022 New-Hire Equity Incentive Plan. A total of 192 newly hired employees received restricted stock units totaling 48,826 shares of ServiceNow common stock. These awards will vest over four years, with a pro rata schedule allowing for quarterly or biannual vesting based on the number of restricted stock units granted. This initiative aligns with ServiceNow's strategy to attract and retain talent in its mission to enhance digital workflows globally.
ServiceNow (NYSE: NOW) has appointed Dr. Raj Iyer as the global head of public sector to enhance digital transformation in government services. Previously the U.S. Army's first civilian CIO, Iyer brings over 30 years of experience and managed a $16 billion IT budget. His focus will be on expanding ServiceNow's public sector strategy, particularly in markets like Australia, Canada, France, Germany, Japan, the UK, and the US. Under Iyer, ServiceNow aims to improve government service delivery through cloud-based technologies. The company has seen growth in recent federal contracts, bolstering its position in the global public sector.
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.
