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SERVICENOW, INC. - NOW STOCK NEWS

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. (symbol: NOW) is an American software company headquartered in Santa Clara, California. It specializes in developing a cloud computing platform designed to help companies manage digital workflows across enterprise operations. By offering a comprehensive suite of software solutions, ServiceNow enables organizations to streamline and automate various business processes through a Software as a Service (SaaS) delivery model.

Originally focusing on IT Service Management (ITSM), ServiceNow has significantly expanded its capabilities. The company's platform now addresses various functions beyond IT, including customer service, HR service delivery, and security operations. This diversification allows enterprises to optimize multiple aspects of their operations through a single, integrated platform.

ServiceNow's recent achievements include partnerships with global enterprises to enhance their digital transformation journeys. The company's application development platform further enables businesses to create custom applications tailored to their specific needs. Financially, ServiceNow has shown robust performance, consistently delivering strong revenue growth and expanding its customer base worldwide.

Overall, ServiceNow continues to be a pivotal player in the enterprise software market, driving innovation and efficiency through its cutting-edge digital workflow solutions.

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ServiceNow (NYSE: NOW) announced enhancements to its Workplace Service Delivery solution, including the Safe Workplace Suite, aimed at facilitating employee returns to the workplace. The company reported a 45% increase in app usage since 2021, with significant adoption of the Employee Health Screening app and Workplace Safety Management tools. Updates include a new Microsoft Outlook Add-In for seamless reservation management and enhanced planning capabilities in the Safe Workplace Dashboard, set for rollout by the end of May and June 2021, respectively.

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ServiceNow (NYSE: NOW) announced key updates to its Field Service Management solution at Knowledge 2021. These innovations aim to enhance customer experiences and manage the complexities of field service, particularly in a post-COVID-19 environment. The global market for field service management software, currently valued at $3 billion, is expected to double by 2027. Key advancements include Dispatcher Workspace, Dynamic Scheduling, and augmented reality integrations with Xerox. These improvements will help organizations improve efficiency, safety, and service delivery.

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ServiceNow (NYSE: NOW) launches Knowledge 2021, a digital experience for over 40,000 participants, from May 11-20, with 260+ sessions led by customers like PepsiCo and Under Armour. CEO Bill McDermott emphasized ServiceNow's role in digital transformation and workflow efficiency. New innovations announced include solutions for manufacturing, healthcare, and enhancing vaccination distribution. The company also reported a 45% increase in Safe Workplace usage. Knowledge 21 features keynotes and Q&A sessions addressing digital transformation and future workflows.

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ServiceNow (NYSE: NOW) has agreed to acquire Lightstep, a leader in observability solutions, enhancing its position in digital workflows. This acquisition aims to improve application performance monitoring across enterprises, helping DevOps teams optimize software delivery. By integrating Lightstep's capabilities, ServiceNow anticipates transforming how software solutions are provided, facilitating faster innovation and operational insights. The deal, expected to close in Q2 2021, will leverage Lightstep's technology to strengthen the Now Platform, although financial details remain undisclosed.

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ServiceNow (NYSE: NOW) reported strong Q1 2021 results with subscription revenues of $1,293 million, reflecting a 30% year-over-year increase. The current remaining performance obligations (cRPO) reached $4.4 billion, up 33% year-over-year. Total customers with contracts exceeding $1 million annually grew by 23%.

ServiceNow launched new features, including the Creator Workflow and Vaccine Administration Management. The company aims to achieve $10 billion in revenue, driven by innovation and strong customer demand.

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ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Enterprise Agile Planning Tools, marking its third consecutive year of this achievement. This recognition highlights ServiceNow's strength in providing a unified platform for both traditional project portfolio management and agile portfolios. The IT Business Management (ITBM) suite, built on the Now Platform, enables organizations to enhance agility, manage investments effectively, and deliver better business outcomes.

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ServiceNow (NYSE: NOW) will announce its financial results for Q1 2021 on April 28, 2021, post-market close. A conference call to discuss these results will begin at 2 p.m. Pacific Time (21:00 GMT) on the same day. Interested participants can join via telephone or through a live webcast available on the company's website. An audio replay will be accessible for 30 days after the call. ServiceNow provides cloud-based solutions aimed at enhancing productivity and employee experiences in the workplace.

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ServiceNow (NYSE: NOW) and Qualtrics (NASDAQ: XM) have entered into a strategic partnership to enhance employee experiences and customer service. This collaboration integrates ServiceNow's digital workflows with Qualtrics' experience management technology, enabling businesses to utilize sentiment data for actionable insights. The new solutions, including Experience Management for IT and Experience-led Customer Service, aim to improve service effectiveness and customer satisfaction. Availability begins in the second half of 2021, offering joint customers enhanced tools to drive productivity and loyalty.

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ServiceNow (NYSE: NOW) announced its agreement to acquire Intellibot, a robot process automation company based in India. This acquisition aims to enhance ServiceNow's workflow capabilities by automating repetitive tasks, thus driving productivity and streamlining business processes. Intellibot's technology is expected to be integrated into the Now Platform, which will support both modern and legacy systems. Additionally, ServiceNow's commitment to the Indian market includes plans for two new data centers and doubling its workforce in the region over the next three years.

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ServiceNow (NYSE: NOW) announced enhancements to its Vaccine Administration Management solution, aimed at addressing the "last-mile" challenges of COVID-19 vaccination for over 20 million people. The updates streamline appointment scheduling and inventory management, enabling organizations to efficiently utilize available vaccines. Notable implementations include Children's Minnesota, which reduced wait times significantly, and the NHS National Services Scotland, booking 220,000 appointments in 12 hours. ServiceNow also supports various public and private organizations to improve vaccination efficiencies.

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FAQ

What is the current stock price of SERVICENOW (NOW)?

The current stock price of SERVICENOW (NOW) is $1105.56 as of December 24, 2024.

What is the market cap of SERVICENOW (NOW)?

The market cap of SERVICENOW (NOW) is approximately 228.1B.

What does ServiceNow, Inc. do?

ServiceNow, Inc. develops a cloud computing platform that helps companies manage digital workflows for enterprise operations.

Where is ServiceNow headquartered?

ServiceNow is headquartered in Santa Clara, California, USA.

What business processes does ServiceNow's platform automate?

ServiceNow's platform automates various business processes, including IT service management, customer service, HR service delivery, and security operations.

What delivery model does ServiceNow use for its software solutions?

ServiceNow provides its software solutions through a Software as a Service (SaaS) delivery model.

Has ServiceNow expanded beyond IT service management?

Yes, ServiceNow has expanded beyond IT service management to include customer service, HR service delivery, and security operations.

Does ServiceNow offer an application development platform?

Yes, ServiceNow offers an application development platform allowing businesses to create custom applications.

How has ServiceNow performed financially?

ServiceNow has shown robust financial performance, with strong revenue growth and an expanding customer base.

Who are ServiceNow's primary customers?

ServiceNow primarily serves enterprise customers looking to optimize their digital workflows and business processes.

What industries use ServiceNow's platform?

ServiceNow's platform is used across various industries including IT, customer service, human resources, and security operations.

What recent achievements has ServiceNow made?

Recent achievements for ServiceNow include forming partnerships with global enterprises to aid in their digital transformation efforts.

SERVICENOW, INC.

NYSE:NOW

NOW Rankings

NOW Stock Data

228.10B
205.60M
0.18%
91.8%
1.57%
Software - Application
Services-prepackaged Software
Link
United States of America
SANTA CLARA