Servicenow Inc Stock Price, News & Analysis

ServiceNow (NYSE: NOW) announces its partnership with the U.S. Department of Homeland Security (DHS) to support the vaccination of 240,000 employees through "Operation Vaccinate Our Workforce" (Operation VOW). Over 38,000 employees have been vaccinated within a month, with an additional 25,000 scheduled for their first dose, marking a 21% increase in vaccinated frontline workers. ServiceNow’s Self-Service Portal and vaccine management solutions facilitate appointment bookings and notifications, enhancing the vaccination process.

ServiceNow (NYSE: NOW) announced enhancements to its Vaccine Administration Management solution, aimed at addressing the "last-mile" challenges of COVID-19 vaccination for over 20 million people. The updates streamline appointment scheduling and inventory management, enabling organizations to efficiently utilize available vaccines. Notable implementations include Children's Minnesota, which reduced wait times significantly, and the NHS National Services Scotland, booking 220,000 appointments in 12 hours. ServiceNow also supports various public and private organizations to improve vaccination efficiencies.

ServiceNow (NYSE: NOW) has launched the Now Platform Quebec release, enhancing digital workflows with expanded AI capabilities and low-code app development tools. The update empowers businesses to innovate swiftly, improving productivity amid a digital transformation surge, with 80% of Fortune 500 companies utilizing the platform. With estimates from IDC predicting over $7.8 trillion in digital transformation investments by 2024, the new features, including Creator Workflows and AI enhancements, cater to evolving workplace demands, ensuring seamless operations and improved employee experiences.

ServiceNow (NYSE: NOW) announced that President and CEO Bill McDermott will present at the Morgan Stanley Technology, Media and Telecom Conference on March 2 at 3:45 p.m. PT. The presentation will be available via live webcast, accessible here. Archived webcasts will be available for 30 days on the investor relations section of the ServiceNow website.

ServiceNow (NYSE: NOW) announced participation in two investor conferences. Bill McDermott, President and CEO, will present at the Goldman Sachs Technology and Internet Conference on February 10 at 2:20 p.m. PT. Lisa Banks, Senior Vice President of Strategic Finance, will also present at the JMP Securities Technology Conference on March 1 at 11:30 a.m. PT. Both presentations will be available via live webcasts, accessible on ServiceNow's investor relations page and archived for 30 days.

ServiceNow (NYSE: NOW) reported strong financial results for Q4 2020, with subscription revenues reaching $1,184 million, up 32% year-over-year. The quarter saw 89 transactions exceeding $1 million in net new annual contract value. Total customers with contracts over $1 million rose by 23%, totaling 1,093.

For the full year, subscription revenues reached $4,286 million, a 32% increase. The company ended the year with nearly $9 billion in remaining performance obligations, aiming to become a $10 billion revenue company.

ServiceNow (NYSE: NOW) announced that NHS Scotland is utilizing its Now Platform to streamline COVID-19 vaccine distribution. The new vaccine management system was launched on January 20, achieving 220,000 appointment bookings within the first 12 hours. Aiming to vaccinate 5.5 million citizens in three months, the system was developed in just six weeks, allowing citizens to schedule their vaccinations through a Citizen Portal. This partnership marks a critical phase in responding to the pandemic, with ServiceNow providing essential tools for various COVID-19 response efforts.

ServiceNow (NYSE: NOW) announced new workflow solutions aimed at accelerating vaccination efforts for organizations worldwide. These solutions tackle the logistical challenges of vaccine management, enabling faster immunization processes. Notable collaborations include the North Carolina Department of Health and NHS Scotland, both leveraging ServiceNow's Vaccine Administration Management. This platform facilitates appointment scheduling, inventory management, and communication between patients and providers. ServiceNow's innovations support government vaccination goals, with further solutions expected to roll out shortly.