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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 (NOW) is recognized as a Leader in Third-Party Risk Management Platforms by Forrester Wave™. The recent Vancouver release adds new features enhancing risk management. The solution focuses on connecting stakeholders, improving collaboration, and addressing various risks within the organization.
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ServiceNow, Hugging Face, and NVIDIA collaborate to launch StarCoder2, an open-access large language model for code generation. The model, trained on 619 programming languages, offers three variants with different parameter sizes to cater to various computing needs. StarCoder2 aims to enhance developer productivity, democratize responsible AI, and drive innovation across industries.
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Experis and ServiceNow announce a global partnership to address the technology skills gap, aiming to upskill individuals in high-demand digital fields through the Experis Academy. The collaboration focuses on training candidates on cutting-edge tech skills and empowering them to launch thriving digital careers, benefiting candidates, hiring managers, and companies in the tech ecosystem.
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ServiceNow (NOW) announces the acquisition of NetACE™ network management and automation technology from Atrinet to enhance end-to-end network lifecycle management for telecommunications companies. The acquisition aims to drive business transformation by providing comprehensive network management capabilities on a single, AI-first digital workflow platform. ServiceNow's partnership with Atrinet will enable telcos to streamline network processes, boost productivity, and reduce costs. The acquisition reflects ServiceNow's commitment to developing tailored industry solutions to accelerate customer transformation and efficiency.
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Segra partners with ServiceNow for digital business transformation at Mobile World Congress 2024, launching SegraOne for Case and Incident Management. The collaboration aims to enhance customer service, automate operations, and improve efficiency.
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ServiceNow (NOW) and NVIDIA (NVDA) introduce Now Assist for Telecommunications Service Management at Mobile World Congress, leveraging NVIDIA AI to enhance agent productivity and customer experiences. The AI solution aims to boost telco productivity, improve customer support, and drive cost savings.
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ServiceNow (NOW) and Keensight Capital announced a strategic investment in Plat4mation, a global IT consultancy and leading ServiceNow implementation partner. This investment aims to accelerate customer time to value and drive partner growth by expanding go‑to‑market capabilities and enhancing proficiency in ServiceNow generative AI enabled technology. Plat4mation plans to focus on digital transformation in Germany’s Mittelstand sector, a major economic contributor in Germany, to drive increased ServiceNow adoption and value.
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Genpact and ServiceNow have expanded their partnership to deliver Source-to-Pay applications across finance and supply chain operations, leveraging AI capabilities to accelerate team productivity, simplify user experience, and increase cost efficiency. Leading organizations like Dropbox are already reaping the benefits of this solution, transforming their procurement, sourcing, and case management operations.
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ServiceNow (NYSE: NOW) exceeded guidance across all Q4 2023 topline growth and profitability metrics, raising 2024 subscription revenues and operating margin outlook. With subscription revenues of $2,365 million in Q4 2023, representing 27% year-over-year growth, and 25.5% in constant currency, the company also saw a 26% year-over-year growth in total revenues of $2,437 million in the same quarter. The current remaining performance obligations stood at $8.60 billion in Q4 2023, marking a 24% year-over-year growth. ServiceNow now has 1,897 total customers with more than $1 million in annual contract value, representing 15% year-over-year growth in customers. The company also announced a broader strategic alliance with EY to empower responsible AI use for enterprise customers, deliver unified solutions for AI compliance and governance, and bring AI-enhanced experiences to EY employees and clients with ServiceNow Now Assist.
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ServiceNow (NOW) announces a five-year strategic alliance with Visa to launch ServiceNow Disputes Management, Built with Visa, a single, connected solution for disputes resolution. The solution includes low-code, AI, and generative AI capabilities to boost efficiency and productivity. The alliance aims to transform payment services, addressing the complexity and delays in managing disputes faced by financial institutions.
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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.
SERVICENOW, INC.
NYSE:NOW
NOW Rankings
NOW Stock Data
217.78B
205.90M
0.18%
94.08%
1.64%
Software - Application
Services-prepackaged Software
United States of America
SANTA CLARA