Investing.com -- ServiceNow fell sharply in afterhours trading Wednesday even as the IT management software group's fourth-quarter results topped Wall Street estimates, supported by jump in subscription revenue.
ServiceNow Inc (NYSE:NOW) fell 9% in recent afterhours trade.
Santa Clara, California-based ServiceNow reported Q4 adjusted earnings per diluted share at $3.67 on revenue of $2.96 billion, compared with Wall Street expectations of $3.65 a share and $2.75 billion, respectively.
ServiceNow's release of new AI agents to help clients manage tasks autonomously continued to boost subscription growth.
Subscription revenues rose 21% to $2.87 billion in Q4 2024 from the same period a year earlier.
Current remaining performance obligations, a key metric, stood at $10.27B as of Q4 2024, representing 19% year-over-year growth.
For Q1, the company is guiding subscription revenues in a range of $2.995B to $3.00B.
Related Articles
ServiceNow falls despite Q4 earnings beat, in-line revenue
Levi's 2025 profit forecast underwhelms after quarterly revenue beat; shares fall
Western Digital expects third-quarter revenue below estimates on weak demand
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。