BUZZ-ServiceNow falls after forecasting annual subscription revenue below estimates

Reuters
30 Jan
BUZZ-<a href="https://laohu8.com/S/NOW">ServiceNow</a> falls after forecasting annual subscription revenue below estimates

** Shares of digital workflow company ServiceNow NOW.N fall 8.2% to $1050 in after-hours trading

** NOW sees 2025 subscription revenue between $12.64 bln and $12.68 bln, vs analysts' est. of $12.83 bln, according to data compiled by LSEG

** Company says that strength in the U.S. dollar would impact subscription revenue by about $175 mln in the year

** Expects Q1 subscription revenue to be between $2.995 bln and $3 bln, vs ests of $3.04 bln

** Posts Q4 revenue of $2.96 bln, up 21% from a year ago, in line with estimates

** NOW had risen 50% in 2024

(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10