Cloud Stocks: ServiceNow's Stellar Performance Continues
Last week, ServiceNow (NYSE:NOW) reported its third quarter results that continued to surpass market expectations. ServiceNow does not appear to be fazed by macro-economic conditions and provided an outlook that also beat the expectations. ServiceNow's Financials For the third quarter of the year, ServiceNow's revenues grew 25% to $2.29 billion, ahead of the market's forecast of $2.27 billion. EPS of $2.92 grew 49% over the year and were slightly ahead of the market's estimates of $2.56. By segment, subscription revenues grew 27% to $2.216 billion, ahead of the market'...