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Why ServiceNow Stock Surged More Than 9% on Thursday

TheMotleyFool

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Shares of ServiceNow (NYSE: NOW) charged sharply higher Thursday, surging as much as 15%, before ending the trading day up 9.1%.

The catalyst that drove the cloud-based digital workflow specialist higher was fourth-quarter financial results that easily surpassed expectations.

ServiceNow generated revenue of $1.61 billion, up 30% year over year, renewing investors' confidence in the company's growth story. At the same time, the company delivered adjusted earnings per share (EPS) of $1.46, a 25% increase.

Source Fool.com

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