ServiceNow (NOW) PT Lowered to $745 at Morgan Stanley as RPO Growth Remains Elevated but Slowing

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Go back to ServiceNow (NOW) PT Lowered to $745 at Morgan Stanley as RPO Growth Remains Elevated but Slowing

ServiceNow (NOW) Stock Gains 8% as Results Show Demand Remains Strong, Analysts Positive

April 28, 2022 8:09 AM EDT

ServiceNow (NYSE: NOW) reported stronger-than-expected Q1 earnings, driving its shares up more than 10% in premarket trading Thursday.

The enterprise software maker reported EPS before certain costs of $1.76, above analyst estimates of $1.70 per share. Revenue came in at $1.72 billion, up 27% YoY and compared to the consensus estimates of $1.7 billion.

Net income in the quarter stood at $75 million, according to the financial report. Subscription revenue grew 26% in the period to $1.63 billion, just above the analyst expectations of $1.62 billion.... More