Servicenow Inc Stock Price, News & Analysis

ServiceNow (NYSE: NOW) will announce its first-quarter financial results for the year ending March 31, 2022, on April 27, 2022. A conference call to discuss these results is scheduled for 2 PM Pacific Time (21:00 GMT) on the same day. Investors and interested parties can access the call by phone or via a live webcast. An audio replay will be available two hours post-call for 30 days. With its cloud-based solutions, ServiceNow aims to enhance organizational efficiency and connectivity. For more details, visit www.servicenow.com.

ServiceNow (NYSE: NOW) has achieved a U.S. Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization for its National Security Cloud (NSC). This authorization facilitates the DOD and select federal agencies in storing highly sensitive data on ServiceNow cloud solutions built on Microsoft Azure Government. With this milestone, ServiceNow enhances its commitment to security compliance, providing 430 security controls to help manage and protect critical data. The collaboration aims to drive efficiency and better employee experiences while addressing evolving security challenges.

ServiceNow (NYSE: NOW) has announced the Now Platform San Diego release, offering enhanced productivity and automation through new features and visual design. Key updates include robotic process automation (RPA) capabilities aimed at supporting hyperautomation, and a new user interface called Next Experience designed for over 70 million annual users. The release caters to various industries with tailored solutions, aiming for streamlined operations in the digital economy. Notably, the Service Operations Workspace bridges IT Service and Operations Management for improved collaboration.

ServiceNow (NYSE: NOW) has launched Lightstep Incident Response, a platform designed to enhance app development by combining observability and incident resolution. This solution aims to reduce downtime for developers and site reliability engineers (SREs) by streamlining incident management and automating responses. With integrated features that eliminate context switching, Lightstep Incident Response supports collaboration across various tools, enhancing overall digital service reliability. It is available in free and paid versions with a usage-based pricing model.

ServiceNow (NYSE: NOW) is set to participate in two major investor conferences, showcasing its leadership in the tech sector. The Chief Operating Officer, Chirantan “CJ” Desai, will engage in a fireside chat at the JMP Securities 2022 Technology Conference on March 7 at 3:30 pm PT in San Francisco. Additionally, the Chief Financial Officer, Gina Mastantuono, will speak at the Morgan Stanley 2022 Technology, Media & Telecom Conference on March 9 at 3:00 pm PT. Live webcasts will be accessible on their investor relations website.

DISH Network has partnered with ServiceNow to enhance its 5G network operations through improved workflow solutions. This collaboration allows DISH Wireless to standardize its network and service operations, ensuring better deployment and maintenance of its 5G cloud-based network. ServiceNow's platform is expected to provide end-to-end visibility, reduce costs, and streamline communication with customers and field operators. This integration aims to deliver exceptional customer experiences and operational efficiencies in managing DISH’s ambitious network.

ServiceNow (NYSE: NOW) announced significant leadership promotions within its executive team to meet growing global demand. Chirantan Desai has been elevated to Chief Operating Officer, expanding his responsibilities to include industries and solution sales. Kevin Haverty is now Senior Advisor to the CEO, focusing on the public sector. Paul Smith, previously President of EMEA, is promoted to Chief Commercial Officer. These changes aim to enhance ServiceNow's position amidst a digital transformation surge, targeting over $15 billion in revenue and increased customer adoption of its solutions.

ServiceNow reported Q4 2021 subscription revenues of $1,523 million, achieving 29% year-over-year growth and exceeding guidance. Current remaining performance obligations (cRPO) reached $5.7 billion, also up 29% year-over-year. The company closed 135 transactions over $1 million in net new annual contract value, marking a 52% growth rate. Looking ahead, ServiceNow projects subscription revenues of $7,020 - $7,040 million for 2022 with a growth rate of 26%. The U.S. dollar's strength is expected to create a currency headwind of $110 million for 2022 subscription revenues.

Translations.com, a division of TransPerfect, announces the certification of GlobalLink Connect for ServiceNow, enhancing the translation process within the ServiceNow interface. This Now Certified App automates, tracks, and manages translation tasks while reducing costs and time-to-market. Key features include agent chat translation, portal content support, and simplified submissions. This integration supports multiple ServiceNow versions and streamlines the management of multilingual content, aiming to boost global branding efforts for users.