Welcome to our dedicated page for Servicenow news (Ticker: NOW), a resource for investors and traders seeking the latest updates and insights on Servicenow stock.
ServiceNow, Inc. (NYSE: NOW) frequently issues news that reflects its role as a software publisher and AI platform provider for business transformation. Company press releases describe the ServiceNow AI Platform as an AI control tower for business reinvention that integrates with any cloud, model, and data source to orchestrate how work flows across the enterprise. News coverage often highlights how ServiceNow applies AI, workflows, and integrations to IT service management, customer service, HR service delivery, security operations, and broader security and risk use cases.
Investors and analysts following NOW news will see regular updates on financial reporting events, such as announcements of quarterly and full-year financial results and related conference calls and webcasts. Corporate actions, including the approval and implementation steps of a 5-for-1 stock split and associated amendments to the company’s certificate of incorporation, are also detailed in company communications and SEC filings.
ServiceNow’s news flow places strong emphasis on AI, security, and acquisitions. Recent releases describe agreements to acquire Armis to expand cyber exposure management and cyber-physical security, and the intent to acquire Veza to extend identity security and governance. The company also reports on the completed acquisition of Moveworks, which is intended to deepen its agentic AI capabilities, AI assistants, and enterprise search. These items provide insight into how ServiceNow is evolving its platform in areas such as autonomous cybersecurity, exposure management, and AI-native employee experiences.
News items also cover strategic partnerships and regional investments. Examples include integrations with Microsoft technologies to orchestrate AI agents across Microsoft 365 and the ServiceNow AI Platform, a collaboration with Figma to turn designs into enterprise applications using the ServiceNow Build Agent, and an expanded partnership with NTT DATA to co-develop and deliver AI-powered solutions. ServiceNow has additionally announced a multi-year investment in Canadian-hosted, AI-ready infrastructure and a Canada Centre of Excellence to support AI adoption in the public sector.
By reviewing the NOW news page, readers can track these developments, including leadership appointments, acquisitions, platform integrations, public sector initiatives, and capital markets actions, all of which are documented through official press releases and regulatory disclosures.
ServiceNow (NYSE: NOW) announced that on April 17, 2023, its Compensation Committee granted equity awards as part of the 2022 New-Hire Equity Incentive Plan. A total of 236 newly hired employees received restricted stock units representing 53,458 shares of common stock. The awards feature a four-year vesting schedule, with vesting on a pro rata basis occurring either quarterly, biannually, or annually, based on the number of restricted stock units granted to each employee.
ServiceNow is focused on enhancing organizational workflows through its cloud-based solutions, aiming for improved connectivity, innovation, and agility for employees and customers alike.
The UNHCR has partnered with ServiceNow and other organizations to establish a Regional Contact Centre (RCC) aimed at supporting Ukrainian refugees amid the ongoing conflict. This RCC provides cost-free access to essential services including emergency information, psychosocial counseling, and referrals to specialists for vulnerable individuals. Since the onset of the war, over 8 million Ukrainian refugees have been recorded in Europe. The RCC aims to facilitate communication and provide vital information on education, healthcare, and legal support, initially servicing refugees in Hungary and Poland. The initiative leverages the expertise of multiple organizations and serves as a prototype for future deployment in other humanitarian crises.
ServiceNow (NYSE: NOW) is set to release its financial results for the first quarter of 2023 after the market closes on April 26, 2023. The conference call to discuss these results will begin at 2 p.m. PT (21:00 GMT). Investors can participate via a dial-in number or a live webcast. A replay will be available two hours after the call and can be accessed for 30 days. The company emphasizes its commitment to enhancing organizational efficiency through its cloud-based platform.
ServiceNow (NYSE: NOW) announced an expansion of its partnership with NASCAR to enhance employee workflows and low-code solutions, aiming to transform employee experience.
The collaboration will convert legacy processes into digital workflows via ServiceNow's Employee Center and App Engine. Starting in May 2023, NASCAR will implement solutions to streamline operations and enhance productivity. Additionally, NASCAR plans to launch a citizen developer program to empower employees.
This initiative positions ServiceNow as a vital component in NASCAR's digital strategy, aiming to improve operational efficiency and fan experiences.
The latest release from ServiceNow, the Now Platform Utah, introduces AI-driven process mining and robotic process automation (RPA) capabilities, enhancing operational agility amidst economic uncertainties. Key improvements include advanced search features, expanded workforce optimization tools, and health and safety incident management. According to IDC, digital technology spending is expected to grow significantly, with up to 40% of revenue for G2000 companies deriving from digital products by 2026. ServiceNow aims to enable organizations to maximize efficiency and accelerate ROI through its intelligent platform offerings.
ServiceNow (NYSE: NOW) announced on March 15, 2023, the granting of equity awards under its 2022 New-Hire Equity Incentive Plan. A total of 192 newly hired employees received restricted stock units totaling 48,826 shares of ServiceNow common stock. These awards will vest over four years, with a pro rata schedule allowing for quarterly or biannual vesting based on the number of restricted stock units granted. This initiative aligns with ServiceNow's strategy to attract and retain talent in its mission to enhance digital workflows globally.
ServiceNow (NYSE: NOW) has appointed Dr. Raj Iyer as the global head of public sector to enhance digital transformation in government services. Previously the U.S. Army's first civilian CIO, Iyer brings over 30 years of experience and managed a $16 billion IT budget. His focus will be on expanding ServiceNow's public sector strategy, particularly in markets like Australia, Canada, France, Germany, Japan, the UK, and the US. Under Iyer, ServiceNow aims to improve government service delivery through cloud-based technologies. The company has seen growth in recent federal contracts, bolstering its position in the global public sector.
AT&T and ServiceNow have launched a new Telecom Network Inventory product aimed at assisting telecom companies in managing their 5G and fiber networks globally. Developed with AT&T's strategic guidance, this platform offers a consolidated view of network inventory, enhancing operational efficiency and customer service.
The product addresses challenges in current network management systems by providing a single platform for better data connectivity and operational agility. AT&T plans to deploy this tool internally soon, while ServiceNow continues its commitment to innovate in the telecom sector.
ServiceNow (NYSE: NOW) announced its participation in the upcoming Morgan Stanley 2023 Technology, Media and Telecom Conference. Bill McDermott, Chairman and CEO, will present on Wednesday, March 8, at 12:55 p.m. PT. Investors can access the live webcast here. The presentation will be available for 30 days after the event on the ServiceNow investor relations page.
On February 15, 2023, ServiceNow (NYSE: NOW) announced that its Compensation Committee granted equity awards to 372 newly hired employees, totaling 106,051 restricted stock units. These awards are part of the 2022 New-Hire Equity Incentive Plan and feature a four-year vesting schedule, with vesting occurring quarterly or biannually based on unit allocation. This initiative aims to attract talent and enhance employee retention, reinforcing ServiceNow's position as a leading digital workflow company.
FAQ
What is the current stock price of Servicenow (NOW)?
What is the market cap of Servicenow (NOW)?
