Servicenow Inc Stock Price, News & Analysis

ServiceNow (NYSE: NOW) has been recognized as a Leader in the Forrester Wave™: Enterprise Service Management (ESM), Q4 2021. The company emphasizes its distinctive offering of a single platform and data model for ESM. This recognition reflects ServiceNow's commitment to enhancing automation and employee services across multiple sectors, including IT and HR. The ESM solutions improve productivity and operational efficiency, facilitating a seamless request experience and enabling low-code workflow development.

ThoughtSpot has launched ThoughtSpot Data Workspace, enhancing analytics for data professionals through streamlined data management and live analytics. The introduction of SpotApps allows for quick deployment of tailored analytics applications across platforms like Salesforce (CRM), ServiceNow (NOW), and Snowflake (SNOW). The company also secured $100M in funding, raising its valuation to $4.2B. This innovation aims to boost productivity and accelerate analytics project timelines, leveraging the evolving data landscape.

ServiceNow (NYSE: NOW) reported Q3 2021 subscription revenues of $1,427 million, reflecting a 31% year-over-year growth. Current remaining performance obligations stood at $5.0 billion, a 32% increase. The company boasts 1,266 customers with over $1 million in annual contract value, marking a 25% rise. CEO Bill McDermott highlighted the company’s strong performance and focus on digital transformation. The firm announced plans for a 2021 revenue guidance of $5,565 - $5,570 million, indicating a 30% increase.

ServiceNow (NYSE: NOW) has launched ServiceNow Messaging Service in collaboration with Twilio, aimed at enhancing service experiences from issue to resolution. This service enables organizations to integrate SMS and WhatsApp directly with their workflows, allowing for improved customer engagement and quick resolution of requests. As businesses adapt to a hybrid work environment, the service facilitates two-way conversations, uniting various operational silos. The Messaging Service is part of the ongoing partnership with Twilio, which has been in place since 2019.

ServiceNow (NYSE: NOW) announced the appointment of Kevin McBride as Senior Vice President, Corporate Controller, and Chief Accounting Officer. With over 25 years of finance experience, including 21 years at Intel, McBride is expected to strengthen ServiceNow's financial leadership as the company aims for over $15 billion in revenue within the next five years. He has a solid background in innovative financial processes and developing finance talent, making him a valuable addition to the team.

ServiceNow (NYSE: NOW) announced the release of its financial results for the third quarter ending September 30, 2021, scheduled for October 27, 2021, post-market closure. A conference call to discuss these results will take place at 2 p.m. PT (21:00 GMT) on the same day. Interested parties can join by phone or via a webcast. An audio replay will be available within two hours after the call, accessible for 30 days. For further details, visit the ServiceNow website.

ServiceNow and Celonis have announced a strategic partnership aimed at enhancing digital transformation for businesses. This collaboration will combine ServiceNow's low-code workflow platform with Celonis' Execution Management System, facilitating automation and optimization of business processes. The partnership is expected to help clients identify process bottlenecks, improve customer satisfaction, and drive revenue growth. ServiceNow will also invest in Celonis, reinforcing their commitment to providing comprehensive solutions in the hyperautomation market, projected to reach $860 billion by 2025.