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.
ServiceNow (NYSE: NOW) has announced the Now Platform Tokyo release, designed to enhance digital workflow solutions amidst a challenging macro environment. This update focuses on improving employee and customer experiences, streamlining automation, and reinforcing operational trust. Highlighting industry's shift to digital, 95% of CEOs acknowledge the need for a digital-first strategy, leading to faster revenue growth. The Tokyo release introduces new features in Enterprise Asset Management, Supplier Lifecycle Management, and ESG Management, aimed at boosting agility and sustainability.
Volteo Digital has been designated as a ServiceNow Elite Partner, becoming the first exclusive Talent Placement partner globally. This collaboration aims to provide qualified ServiceNow consulting talent to Fortune 500 clients, including industry leaders like Netflix and Intel. With a track record of talent development since 2013, Volteo Digital focuses on enhancing the skills of consultants through its ServiceNow Center of Excellence. They expect to offer certified talent to ServiceNow customers by late 2022, contributing to significant digital transformation efforts.
Volteo Digital has been designated as one of the first global Talent Placement partners by ServiceNow (NYSE:NOW). This partnership aims to enhance digital transformation through talent transformation, focusing on providing qualified ServiceNow consultants. Volteo Digital has previously opened the ServiceNow Center of Excellence and launched a job-ready talent development program. With a presence in Fortune 500 companies, this initiative is expected to supply certified talent to ServiceNow clients by late 2022, further expanding Volteo's influence in the ServiceNow ecosystem.
Boomi has appointed Larry Quinlan, former CIO of Deloitte, to its Board of Directors as an independent non-executive member. Quinlan brings over 35 years of experience in driving innovation for Fortune 500 companies and technology organizations, including overseeing technology strategy for a $45B firm. He currently serves on the boards of ServiceNow and Jones Lang LaSalle. Boomi is recognized as a leader in the integration platform market, boasting the largest customer base among vendors and a global network of about 800 partners. This strategic addition is aimed at enhancing Boomi's leadership team.
Blend Labs, Inc. (NYSE: BLND) has appointed tech veteran Dean Klinger as its new Head of Revenue. Klinger, with over 25 years of experience, previously held senior roles at Snowflake (NYSE: SNOW) and ServiceNow (NYSE: NOW). Reporting to Nima Ghamsari, Klinger will manage the customer journey as Blend strengthens its position in mortgage and consumer banking sectors. Ghamsari expressed confidence in Klinger’s ability to drive the company's vision forward, leveraging his extensive background in cloud banking software.
Fairmarkit, an automated sourcing platform, has secured a $35.6 million Series C investment, raising its total funding to $78 million. The funding, led by OMERS Growth Equity, aims to enhance its technology and hiring. Fairmarkit, which was ranked 159 on the 2022 Inc. 5000 fastest-growing private companies list, expects to facilitate 200,000 sourcing events this year, with customer spending increasing four-fold. The platform integrates with major ERP systems, helping enterprises manage tail spend efficiently, resulting in 10%+ cost savings.
ServiceNow (NYSE: NOW) will participate in three upcoming investor conferences featuring key executives. Chief Financial Officer Gina Mastantuono will join Deutsche Bank's Technology Conference on September 1 at 11:00 a.m. PT and Citi's Global Technology Conference on September 8 at 11:30 a.m. PT. President and CEO Bill McDermott will present at Goldman Sachs' Communacopia + Technology Conference on September 14 at 1:15 p.m. PT. Live webcasts will be accessible on ServiceNow's investor relations website and archived for 30 days.
Balbix has announced new integrations with ServiceNow (NYSE: NOW), enhancing cybersecurity posture automation. The integration allows for automatic mapping of cyber risk to business structures, significantly cutting down operational time. Customers can now quantify risk in monetary terms and link remediation efforts to existing workflows. A survey revealed that 62% of companies struggle to calculate breach risk financially. The integration also enables the creation of ServiceNow remediation tickets directly from Balbix, improving productivity for security and IT teams.
ServiceNow reported Q2 2022 financial results, achieving $1,658 million in subscription revenues, a 25% year-over-year growth. Total revenues were $1,752 million, marking a 24% increase. Current remaining performance obligations reached $5.75 billion, up 21%. The company now has over 100 customers with annual contracts exceeding $10 million, a growth of more than 50%. Despite facing macroeconomic challenges, ServiceNow maintains a strong pipeline and anticipates achieving over $16 billion in subscription revenue by 2026.
ServiceNow (NYSE: NOW) is set to release its financial results for Q2 2022 on July 27, 2022, after market close. A conference call to discuss these results will take place at 2 p.m. PT (21:00 GMT) on the same day. Participants can join the call via phone or a live webcast. An audio replay will be available two hours post-call, accessible for 30 days. The company aims to improve workflow for organizations through its cloud-based solutions.
