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.
Blend Labs, Inc. (NYSE: BLND) has appointed tech veteran Dean Klinger as its new Head of Revenue. Klinger, with over 25 years of experience, previously held senior roles at Snowflake (NYSE: SNOW) and ServiceNow (NYSE: NOW). Reporting to Nima Ghamsari, Klinger will manage the customer journey as Blend strengthens its position in mortgage and consumer banking sectors. Ghamsari expressed confidence in Klinger’s ability to drive the company's vision forward, leveraging his extensive background in cloud banking software.
Fairmarkit, an automated sourcing platform, has secured a $35.6 million Series C investment, raising its total funding to $78 million. The funding, led by OMERS Growth Equity, aims to enhance its technology and hiring. Fairmarkit, which was ranked 159 on the 2022 Inc. 5000 fastest-growing private companies list, expects to facilitate 200,000 sourcing events this year, with customer spending increasing four-fold. The platform integrates with major ERP systems, helping enterprises manage tail spend efficiently, resulting in 10%+ cost savings.
ServiceNow (NYSE: NOW) will participate in three upcoming investor conferences featuring key executives. Chief Financial Officer Gina Mastantuono will join Deutsche Bank's Technology Conference on September 1 at 11:00 a.m. PT and Citi's Global Technology Conference on September 8 at 11:30 a.m. PT. President and CEO Bill McDermott will present at Goldman Sachs' Communacopia + Technology Conference on September 14 at 1:15 p.m. PT. Live webcasts will be accessible on ServiceNow's investor relations website and archived for 30 days.
Balbix has announced new integrations with ServiceNow (NYSE: NOW), enhancing cybersecurity posture automation. The integration allows for automatic mapping of cyber risk to business structures, significantly cutting down operational time. Customers can now quantify risk in monetary terms and link remediation efforts to existing workflows. A survey revealed that 62% of companies struggle to calculate breach risk financially. The integration also enables the creation of ServiceNow remediation tickets directly from Balbix, improving productivity for security and IT teams.
ServiceNow reported Q2 2022 financial results, achieving $1,658 million in subscription revenues, a 25% year-over-year growth. Total revenues were $1,752 million, marking a 24% increase. Current remaining performance obligations reached $5.75 billion, up 21%. The company now has over 100 customers with annual contracts exceeding $10 million, a growth of more than 50%. Despite facing macroeconomic challenges, ServiceNow maintains a strong pipeline and anticipates achieving over $16 billion in subscription revenue by 2026.
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.