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 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.
NewRocket, a ServiceNow Elite Partner, announced on February 8, 2023, the integration of its internal learning platform, NewRocket University, with ServiceNow's Now Learning API as part of the RiseUp initiative, aiming to train 1 million individuals by 2024. This collaboration enhances learning experiences through access to over 8,000 LinkedIn Learning courses and facilitates career development and feedback for employees. NewRocket is the first partner to connect its learning system with Now Learning, a step that underscores its commitment to employee growth and its recognition as the 2023 Creator Workflow Partner of the Year.
ServiceNow reported its Q4 2022 financial results, surpassing guidance expectations with subscription revenues reaching $1,860 million, a 22% year-over-year growth. Total revenues were $1,940 million, reflecting a 20% increase year-over-year. Current remaining performance obligations (cRPO) stood at $6.94 billion, marking a 22% growth. The company benefited from a strong net expansion, achieving over 30% growth in net new annual contract value (NNACV) from new logos. With a solid customer base growth of 22%, ServiceNow maintains momentum entering 2023, projecting Q1 subscription revenues of $1,990-$2,000 million.
ServiceNow, in collaboration with The Demo Forum and IT-Harvest, has unveiled a partnership aimed at enhancing the cybersecurity solutions available to its customers. This initiative will feature the ServiceNow Partner Pavilion at the SecOps Demo Forum, showcasing integrations with various SecOps vendors. The resources provided will include demonstrations on vendor capabilities, configuration, and deployment within the ServiceNow platform, facilitating a centralized view of security technologies. Production of content begins in January, culminating in a live Cybersecurity Meetup scheduled for March 27-28, 2023.
ServiceNow (NYSE: NOW) announced the granting of equity awards to 90 newly hired employees on January 17, 2023. The awards total 23,392 restricted stock units, which will vest over four years. Approximately 27% of these shares will vest after one year, with the remaining portions vesting quarterly or biannually based on the number of shares awarded to each employee. This initiative aims to incentivize talent retention and align employees' interests with shareholder value.
ServiceNow (NYSE: NOW) has announced a major transformation of its Partner Program, aiming to capitalize on a $500 billion market opportunity. Revealed during the Partner Kickoff event in location value="LU/us.nv.lasveg"Las Vegas, the updated program features a new Partner Development Fund and includes four distinct participation modules: Build, Consulting & Implementation, Resale, and Service Provider. This evolution is designed to enhance partner flexibility and growth, enabling them to collaborate more effectively with ServiceNow and better serve customers. The new program will be available from March 6, 2023.
ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, marking its third consecutive year in this position. The company’s Creator Workflows enable users of all skill levels to develop and deploy applications quickly using low-code tools on the Now Platform. This recognition emphasizes the platform's ability to address workforce challenges such as IT talent gaps. Key offerings include App Engine, Integration Hub, and Automation Engine, which enhance cross-enterprise automation and reduce development times.
ServiceNow (NYSE: NOW) is set to release its financial results for the fourth quarter and full year ended December 31, 2022 on January 25, 2023, after market closure. A conference call will be held at 2 p.m. PT to discuss these results. Interested parties can join via a dedicated phone line or attend a live webcast. A replay will be available for 30 days post-conference. ServiceNow focuses on enhancing organizational workflow through its cloud-based platform, aiming for smarter, faster, and better workflows.
ServiceNow (NYSE: NOW) announced on December 15, 2022, that its Compensation Committee granted equity awards to 196 new employees. In total, these awards represent 47,834 shares of common stock, part of the 2022 New-Hire Equity Incentive Plan. The shares will have a four-year vesting schedule, with 29.17% vesting after one year and the remainder vesting quarterly thereafter. This initiative is aimed at incentivizing new hires and aligning their interests with long-term company performance.