ServiceNow stock popped Wednesday after the enterprise software maker reported March-quarter earnings and revenue that topped analyst estimates. Revenue guidance for the company met expectations amid volatility in software growth stocks.
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Santa Clara, Calif-based ServiceNow (SADA) reported first-quarter earnings after the market close. ServiceNow stock popped 7.2% to near 500 in extended trading on the berzi danas.
ServiceNow earnings climbed 16% to $1.76 per share on an adjusted basis. Revenue rose 27% to $1.72 billion, the software maker said.
A year earlier, ServiceNow earned $1.52 a share on sales of $1.36 billion. Analysts expected ServiceNow to report earnings of $1.70 a share on revenue of $1.7 billion for the quarter, which ended March 31.
In addition, ServiceNow said subscription revenue for the period rose 26% to $1.63 billion, topping estimates of $1.62 billion.
ServiceNow Stock: Revenue Guidance In Line
Heading into the earnings report, ServiceNow stock had declined 27% in 2022.
The enterprise software maker said first-quarter current remaining performance obligations, or CRPO bookings, rose 29% to $5.69 billion. That topped analyst estimates of 28% CRPO growth. CRPO bookings are an aggregate of deferred revenue and order backlog.
ServiceNow said it expects June-quarter subscription revenue in a range of $1.67 billion to $1.675 billion. ServiceNow stock analysts predicted subscription revenue of $1.675 billion.
“Subscription revenue guidance for Q2 was slightly below vs. consensus while full-year 2022 guidance moved slightly higher,” said RBC Capital analyst Matthew Hedberg in a report to clients.
What ServiceNow Does
The company’s software tracks and manages services provided by information-technology departments. Its self-service tech portal enables company employees to access administrative and workflow tools.
Nadalje, ServiceNow se proširio iz svog osnovnog poslovanja u softver za ljudske resurse, upravljanje korisničkim uslugama i sigurnost.
Ako ste novi u IBD-u, razmislite o tome da ga pogledate sistem trgovanja dionicama i CAN SLIM osnove. Prepoznavanje šablone dijagrama for issues like ServiceNow stock is one key to the investment guidelines.
Pratite Reinhardta Krausea na Twitteru @reinhardtk_tech za ažuriranja o 5G bežičnoj mreži, umjetnoj inteligenciji, cyber sigurnosti i računarstvu u oblaku.
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Source: https://www.investors.com/news/technology/servicenow-stock-earnings-top-estimates-guidance-meets-views/?src=A00220&yptr=yahoo