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Stock impact report

ServiceNow Gives Rosy Revenue Forecast; Shares Rise [Yahoo! Finance News]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
) -- ServiceNow Inc. projected rising sales in a sign that demand for business workflow software will withstand the economic downtown spurred by the Covid-19 pandemic. Shares gained about 7% in extended trading.Subscription revenue will be as much as $1.01 billion in the second quarter, the Santa Clara, California-based company said Wednesday in a statement. The company trimmed its guidance on that revenue for the year to as much as $4.19 billion, from an earlier high-end expectation of $4.23 billion.Chief Executive Officer Bill McDermott pledged to build ServiceNow into a “software juggernaut” after he took over the top post in November. The cloud application company’s recurring revenue model means that a large share of sales are predictable, but investors are keen to see whether it can sustain its torrid pace of sales expansion, usually more than 30% a year. In the crowded landscape of cloud-computing providers, ServiceNow has emphasized the more tedious parts of office life, like s Show less Read more
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