Servicenow Inc Stock Price, News & Analysis

ServiceNow (NYSE: NOW) is set to release its financial results for Q2 2022 on July 27, 2022, after market close. A conference call to discuss these results will take place at 2 p.m. PT (21:00 GMT) on the same day. Participants can join the call via phone or a live webcast. An audio replay will be available two hours post-call, accessible for 30 days. The company aims to improve workflow for organizations through its cloud-based solutions.

Qualtrics (NASDAQ: XM) and ServiceNow (NYSE: NOW) have launched Qualtrics Embedded Insights, a new app aimed at enhancing employee and customer service experiences. The app offers a unified view of experience and operational data, allowing IT and customer service agents to respond effectively to needs. Research reveals that 81% of IT professionals waste significant time on tech inefficiencies, emphasizing the demand for streamlined solutions. The integration also facilitates automation and personalized services, critical for improving productivity and customer loyalty.

ServiceNow has announced the acquisition of Hitch Works, a skills mapping and intelligence firm, to enhance its Now Platform. This integration aims to address talent gaps by linking employee development with workforce planning, enabling efficient project assignment based on skills and interests. Industry leaders emphasize the critical role of skill insight in talent retention amid ongoing workforce challenges. The acquisition is expected to close in Q2 2022, with both Hitch's leaders remaining post-acquisition to aid in scaling their solutions globally.

JFrog Ltd (NASDAQ: FROG) has announced new integrations of JFrog Xray with ServiceNow Lightstep and Spoke to enhance security incident response and software supply chain management. These integrations provide real-time insights into security vulnerabilities and compliance issues, facilitating cross-department collaboration for quicker remediation. This development aims to improve the speed and efficiency of software updates while maintaining security, marking a significant advancement in the company's offerings.

ServiceNow (NYSE: NOW) launched its new Procurement Service Management (PSM) solution aimed at enhancing procurement efficiency. By digitizing lower-value tasks, the solution enables procurement teams to focus on strategic activities, promoting better supplier collaboration and productivity. PSM leverages the Now Platform's capabilities to provide end-to-end visibility and streamline processes, ultimately addressing procurement inefficiencies. This development follows ServiceNow's acquisition of Gekkobrain, further strengthening its digital workflow offerings.

ServiceNow has been recognized as a Leader in The Forrester Wave™: Third-Party Risk Management Platforms, Q2 2022. The report underlines the importance of managing third-party risk, particularly in light of recent global disruptions. ServiceNow's Vendor Risk Management solution enhances efficiency through automation and offers critical insights into third-party risks, helping organizations improve resilience and integrate risk management across the enterprise. This recognition reflects ServiceNow's commitment to providing comprehensive risk solutions.

ServiceNow (NYSE: NOW) announces participation at two investor conferences. CFO Gina Mastantuono will be in a fireside chat at the Jefferies Software Conference on June 1 at 1:30 p.m. PT, available via a live webcast. Additionally, COO Chirantan “CJ” Desai will speak at the BofA Securities Global Technology Conference on June 8 at 12:45 p.m. PT. Both webcasts will be accessible on the ServiceNow investor relations website and archived for 30 days.

ServiceNow (NYSE: NOW) has launched three new solutions during Knowledge ’22, aimed at enhancing digital transformation for enterprises. The Service Operations Workspace provides a unified platform for service desk agents to manage tasks efficiently, improving productivity and customer satisfaction. The App Engine Management Center facilitates low-code app development with governance, while Public Sector Digital Services enables governments to deliver streamlined services. These innovations are designed to address the increasing demand for automation and faster solutions.

ServiceNow (NYSE: NOW) has been named a Leader in the 2022 Gartner Magic Quadrant for Enterprise Agile Planning (EAP) Tools for the fourth consecutive year. This recognition highlights its Strategic Portfolio Management solution, which facilitates business agility by aligning strategies and tracking outcomes across various organizational systems. New features include support for Scaled Agile frameworks and improved collaborative tools for Agile teams. The company’s emphasis on delivering business value through its solutions is underscored by growing customer adoption in diverse sectors.