Operational Resilience Workspace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ServiceNow (NYSE:NOW) recently reported its first quarter results that continued to outpace market expectations. Like several others, ServiceNow is also betting on the AI space and integrated several helpful AI tools within the latest release of its platform. ServiceNow's Financials For the first quarter of the year, ServiceNow's revenues grew 22% to $2.1 billion, ahead of the market's forecast by 0.34%. EPS of $2.37 grew 37% over the year, and was also ahead of the market's estimates by 16%. By segment, subscription revenues grew 24% to $2.02 billion and professional and other services revenues fell 21% to $72 million. It now has 1,682 customers generating more than $1 million in ACV, and reported a renewal rate of 98%. For the second quarter, ServiceNow forecast subscription revenues of $2.040-$2.045 billion. The market expected ServiceNow to deliver subscription revenues of $2.03 billion. For the fiscal year, it expects subscription revenues of $8.47 ....

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