ServiceNow Projects Solid Sales, Quelling Slowdown Fears
- AI product spurs multimillion-dollar deals, CEO says
- Software company adds 2,000 workers during the past year
This article is for subscribers only.
ServiceNow Inc. gave an outlook for solid sales growth in the current quarter, calming concerns about a potential slowdown in corporate spending for information technology. The shares gained in extended trading.
Subscription revenue will be about $2.32 billion in the period ending in December, the company said Wednesday in a statement, slightly higher than analysts’ average estimate. Operating income profit margin will be 27.5%, in line with expectations.