Why ServiceNow Stock Is Surging Today
(NYSE: NOW) stock is jumping in Thursday's trading following the company's recently published quarterly report. The software specialist's share price was up 7.8% as of 10:45 a.m. ET.
ServiceNow reported its third-quarter results after the market closed yesterday and posted sales and earnings for the period that beat Wall Street's expectations. The company recorded non-GAAP (adjusted) earnings per share of $3.72 on sales of $2.8 billion, topping the average analyst estimate's call for per-share earnings of $3.45 on revenue $2.75 billion.
ServiceNow's revenue increased roughly 22% year over year in the third quarter, and its adjusted earnings per share rose roughly 27% compared to the prior-year period. The company's subscription revenue grew 23% year over year to hit $2.715 billion, and the business closed out the quarter with remaining performance obligations of $19.5 billion -- up 36% year over year. The business recorded 15 new transactions with annual contract value above $5 million in the quarter, representing a roughly 50% increase over contract additions in the category compared to Q3 2023.
Source Fool.com
ServiceNow Inc. Aktie
ServiceNow Inc. sticht hervor mit 119 Buy- und nur 4 Sell-Einschätzungen.
Ein Kursziel von 131 € für ServiceNow Inc. würde eine Steigerung von mehr als 20% gegenüber dem aktuellen Kurs von 96.48 € bedeuten.
