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Stock impact report

Why Are ServiceNow (NOW) Shares Soaring Today [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The drop in the previous trading session occurred even though ServiceNow beat revenue and earnings estimates and raised its full-year guidance. The initial negative reaction was tied to investor concerns over deal timing, as management noted a headwind from the delayed closings of several large deals in the Middle East due to regional conflict. This issue was reported to have impacted subscription revenue growth. The stock's subsequent recovery suggested that some investors may have viewed the prior session's sharp decline as excessive. Further boosting sentiment, German software giant SAP announced better-than-expected first-quarter profit and confirmed its long-term cloud outlook. SAP's strong performance appeared to ease investor concerns about the impact of artificial intelligence on the broader enterprise software industry. The shares closed the day at $90.25, up 6.2% from previous close. Is now the time to buy ServiceNow? Access our full analysis report here, it's free Show less Read more
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