SERVICENOW, INC. - NOW STOCK NEWS

ServiceNow (NYSE: NOW) launched its new Procurement Service Management (PSM) solution aimed at enhancing procurement efficiency. By digitizing lower-value tasks, the solution enables procurement teams to focus on strategic activities, promoting better supplier collaboration and productivity. PSM leverages the Now Platform's capabilities to provide end-to-end visibility and streamline processes, ultimately addressing procurement inefficiencies. This development follows ServiceNow's acquisition of Gekkobrain, further strengthening its digital workflow offerings.

ServiceNow has been recognized as a Leader in The Forrester Wave™: Third-Party Risk Management Platforms, Q2 2022. The report underlines the importance of managing third-party risk, particularly in light of recent global disruptions. ServiceNow's Vendor Risk Management solution enhances efficiency through automation and offers critical insights into third-party risks, helping organizations improve resilience and integrate risk management across the enterprise. This recognition reflects ServiceNow's commitment to providing comprehensive risk solutions.

ServiceNow (NYSE: NOW) announces participation at two investor conferences. CFO Gina Mastantuono will be in a fireside chat at the Jefferies Software Conference on June 1 at 1:30 p.m. PT, available via a live webcast. Additionally, COO Chirantan “CJ” Desai will speak at the BofA Securities Global Technology Conference on June 8 at 12:45 p.m. PT. Both webcasts will be accessible on the ServiceNow investor relations website and archived for 30 days.

ServiceNow (NYSE: NOW) has launched three new solutions during Knowledge ’22, aimed at enhancing digital transformation for enterprises. The Service Operations Workspace provides a unified platform for service desk agents to manage tasks efficiently, improving productivity and customer satisfaction. The App Engine Management Center facilitates low-code app development with governance, while Public Sector Digital Services enables governments to deliver streamlined services. These innovations are designed to address the increasing demand for automation and faster solutions.

ServiceNow (NYSE: NOW) has been named a Leader in the 2022 Gartner Magic Quadrant for Enterprise Agile Planning (EAP) Tools for the fourth consecutive year. This recognition highlights its Strategic Portfolio Management solution, which facilitates business agility by aligning strategies and tracking outcomes across various organizational systems. New features include support for Scaled Agile frameworks and improved collaborative tools for Agile teams. The company’s emphasis on delivering business value through its solutions is underscored by growing customer adoption in diverse sectors.

ServiceNow reported outstanding Q1 2022 results, exceeding guidance with subscription revenues of $1,631 million (26% year-over-year growth, 29% adjusted for constant currency) and total revenues of $1,722 million (27% year-over-year growth). Current remaining performance obligations reached $5.69 billion, up 29% year-over-year. The company closed 52 transactions over $1 million in net new annual contract value, marking a 41% growth. Despite headwinds from currency fluctuations, ServiceNow raised its mid-point subscription revenue guidance for 2022, forecasting accelerated growth.

ServiceNow (NYSE: NOW) will announce its first-quarter financial results for the year ending March 31, 2022, on April 27, 2022. A conference call to discuss these results is scheduled for 2 PM Pacific Time (21:00 GMT) on the same day. Investors and interested parties can access the call by phone or via a live webcast. An audio replay will be available two hours post-call for 30 days. With its cloud-based solutions, ServiceNow aims to enhance organizational efficiency and connectivity. For more details, visit www.servicenow.com.

ServiceNow (NYSE: NOW) has achieved a U.S. Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization for its National Security Cloud (NSC). This authorization facilitates the DOD and select federal agencies in storing highly sensitive data on ServiceNow cloud solutions built on Microsoft Azure Government. With this milestone, ServiceNow enhances its commitment to security compliance, providing 430 security controls to help manage and protect critical data. The collaboration aims to drive efficiency and better employee experiences while addressing evolving security challenges.

ServiceNow (NYSE: NOW) has announced the Now Platform San Diego release, offering enhanced productivity and automation through new features and visual design. Key updates include robotic process automation (RPA) capabilities aimed at supporting hyperautomation, and a new user interface called Next Experience designed for over 70 million annual users. The release caters to various industries with tailored solutions, aiming for streamlined operations in the digital economy. Notably, the Service Operations Workspace bridges IT Service and Operations Management for improved collaboration.