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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.

News

ServiceNow Reports First Quarter 2024 Financial Results

Rhea-AI Summary
ServiceNow has reported strong financial results for Q1 2024, exceeding guidance in subscription revenues and total revenues. The company raised its midpoint of 2024 subscription revenues guidance range. With subscription revenues of $2,523 million and total revenues of $2,603 million in Q1 2024, ServiceNow showed significant year-over-year growth. The current remaining performance obligations reached $8.45 billion, up 21% year-over-year. ServiceNow also saw growth in customers with more than $1 million in annual contract value, now totaling 1,933 customers.
Rhea-AI Impact
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-4.03%
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earnings
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ServiceNow Research Shows Changing Consumer Brand Loyalty in Canada, Reveals Potential for AI-Powered Customer Service

Rhea-AI Summary
ServiceNow's Consumer Voice Report 2024 reveals that 74% of Canadians are less loyal to brands, emphasizing the need for improved customer service. Canadians desire quick, real-time support and personalized interactions, with 53% wanting 24/7 customer service by 2025. The report highlights the potential for AI to enhance service delivery and the importance of balancing AI with human connection.
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-1.67%
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AI
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ServiceNow to Announce First Quarter 2024 Financial Results on April 24

Rhea-AI Summary
ServiceNow (NOW) will release financial results for Q1 2024 on April 24, 2024. The conference call to discuss the results will start at 2 p.m. Pacific Time. Interested parties can listen via phone or webcast.
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0.29%
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earnings
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ServiceNow Accelerates Enterprise Transformation With Smarter, Faster, Simpler Experiences in the Washington, D.C. Platform Release

Rhea-AI Summary
ServiceNow (NOW) announces its first platform release of 2024, focused on accelerating enterprise transformation with intelligent automation and fast time to value. The Washington, D.C. release includes new features for Sales and Order Management, Platform Analytics, and Workflow Automation, aiming to streamline processes and drive business impact.
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1.4%
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ServiceNow Furthers Generative AI Leadership With New Capabilities in the Washington, D.C. Platform Release

Rhea-AI Summary
ServiceNow introduces new features to enhance Now Assist GenAI experiences, offering responsible, intelligent automation embedded within the platform. The Washington, D.C. release brings expanded solutions to empower organizations, scaling generative AI across departments and recognizing ROI on a single platform.
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1.4%
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AI
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ServiceNow Named a Worldwide Leader in Two IDC MarketScapes for Value Stream Management and Strategic Portfolio Management

Rhea-AI Summary
ServiceNow (NOW) has been recognized as a Leader in two IDC MarketScape vendor assessments for Value Stream Management and Agile Project and Portfolio Management. The company's focus on AI and intelligent automation through the Now Platform empowers organizations to align with business strategy, optimize workflows, and deliver better business outcomes.
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0.15%
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ServiceNow Named a Leader in Customer Service Solutions by Independent Research Firm

Rhea-AI Summary
ServiceNow (NOW) recognized as a Leader in Customer Service Solutions by Forrester Wave™ for its resolution-centric approach, aiming to enhance customer experience and reduce costs. The company offers a unique vision to orchestrate customer workflows efficiently.
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0.15%
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ServiceNow Advances Enterprise-Grade Generative AI Through Expanded Partnership With NVIDIA

Rhea-AI Summary
ServiceNow partners with NVIDIA to access NIM inference microservices for faster large language model development. The collaboration aims to enhance generative AI capabilities, optimize inference in LLMs, and scale AI across new use cases.
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0.15%
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ServiceNow Announces Acquisitions of 4Industry and EY Smart Daily Management Application to Drive Innovation for Smart Industrial Environments and Connected Workers

Rhea-AI Summary
ServiceNow strengthens its operational technology capabilities through acquisitions of 4Industry and Smart Daily Management, enhancing Connected Worker solutions for industrial markets.
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1.6%
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acquisition
News

Chirantan “CJ” Desai Appointed to MSCI Inc. Board of Directors

Rhea-AI Summary
MSCI Inc. appoints Chirantan “CJ” Desai, President and COO of ServiceNow, to its Board of Directors. Mr. Desai will bring extensive expertise in technology and AI to MSCI, enhancing its innovation in the investment industry.
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2.32%
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management

FAQ

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

The current stock price of SERVICENOW (NOW) is $1060.6 as of November 22, 2024.

What is the market cap of SERVICENOW (NOW)?

The market cap of SERVICENOW (NOW) is approximately 217.8B.

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.

Stock NOW logo
SERVICENOW, INC.

NYSE:NOW

NOW Rankings

#43 Ranked by Market Cap
N/A Ranked by Dividends

NOW Stock Data

217.78B
205.90M
0.18%
94.08%
1.64%
Software - Application
Services-prepackaged Software
Link
United States of America
SANTA CLARA