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) has been recognized as a Leader in The Forrester Wave™: Value Stream Management Solutions, Q4 2022. This evaluation highlights the company's robust VSM capabilities integrated into its IT Service Management and Strategic Portfolio Management solutions. Customers are expected to benefit from reduced time to value by up to 66% and enhanced software delivery efficiency. The Forrester report praises ServiceNow for its product support and planned enhancements, reinforcing its commitment to modernizing software delivery across enterprises.
On November 15, 2022, ServiceNow (NYSE: NOW) granted equity awards under its 2022 New-Hire Equity Incentive Plan to 379 new employees. This resulted in a total of 107,719 restricted stock units being issued, which will vest over a four-year period. Vesting begins with 25% after one year, followed by quarterly or bi-annual vesting based on the number of units granted. This initiative continues to enhance employee retention and investment in talent for the company.
ServiceNow (NYSE: NOW) announced its participation in three upcoming investor conferences, featuring presentations by key executives. Chairman Bill McDermott will present at the RBC Capital Markets Global Technology Conference on November 15 at 8:45 a.m. PT. COO CJ Desai will join a fireside chat at the Credit Suisse Technology Conference on November 30 at 1:20 p.m. PT, followed by CFO Gina Mastantuono at the Barclays Conference on December 8 at 3:30 p.m. PT. Live webcasts will be available on their investor relations website, archived for 30 days.
ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2022 Gartner Magic Quadrant for IT Service Management (ITSM) Platforms for the ninth consecutive year. The company excelled in Ability to Execute and Completeness of Vision, scoring highest in Service Operations (3.73/5), Business Workflow Automation (3.81/5), and Service Desk (3.76/5) in the Gartner Critical Capabilities report. ServiceNow's ITSM solution offers a cloud-based platform that enhances IT delivery and productivity, empowering organizations to automate workflows and improve service experiences.
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ServiceNow (NYSE: NOW) reported Q3 2022 financial results with subscription revenues reaching $1,742 million, exhibiting 22% year-over-year growth. Total revenues hit $1,831 million, up 21% year-over-year. The current remaining performance obligations stood at $5.87 billion, reflecting 18% growth. The customer base grew significantly, with a 60% increase in customers paying over $10 million annually. CEO Bill McDermott emphasized the company’s role in digital transformation. The guidance for Q4 2022 anticipates subscription revenues between $1,834 and $1,839 million.
ServiceNow (NYSE: NOW) has launched RiseUp, a global initiative aiming to skill one million individuals on its platform by 2024. This effort addresses the projected IT skills shortage impacting 90% of organizations, potentially costing over $6.5 trillion globally. The program emphasizes inclusivity by broadening the definition of tech talent through 600 free courses and job-related certifications. With a commitment to lowering barriers and expanding job opportunities, RiseUp aims to place newly skilled talent in positions across the digital economy.
ServiceNow (NYSE: NOW) has announced the availability of Lightstep UQL, enhancing observability for Kubernetes applications. This unified query language simplifies data management and improves consistency and maintainability by integrating observability into code. With the observability market projected to reach $9.08 billion by 2025, the tool aims to reduce data fragmentation across platforms. This is part of ServiceNow's strategy following its acquisition of Lightstep and Era Software, furthering unified telemetry across its services.
Booking Holdings has appointed Larry Quinlan, former Global Chief Information Officer of Deloitte, to its Board of Directors effective October 13, 2022. Quinlan brings over 35 years of technology leadership experience, having managed a global team of 10,000 IT professionals at Deloitte. His expertise in digital strategy, cybersecurity, and emerging technologies is expected to add significant value to Booking Holdings as it continues to innovate in the travel sector.
ServiceNow (NYSE: NOW) has secured a Blanket Purchase Agreement (BPA) valued at $250 million with the U.S. Department of Health and Human Services (HHS). This agreement, in collaboration with Carahsoft, will enable key functionalities across HHS applications, optimizing inventory and reducing waste through various workflows. The BPA is set for a five-year term, concluding in 2027. ServiceNow aims to streamline procurement processes and enhance digital transformation efforts within HHS, ultimately aiming to improve user experiences.