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Cloud Stocks: Analysis of ServiceNow's UltimateSuite Acquisition

Last week, ServiceNow (NYSE:NOW) reported its fourth quarter results that soared past market expectations. ServiceNow continues to invest in building its AI services through product development, a partner network, and even acquisitions. The market is pleased with the company, and the stock is soaring at year high levels. ServiceNow's Financials For the fourth quarter of the year, ServiceNow's revenues grew 26% to $2.44 billion, ahead of the market's forecast of $2.4 billion. EPS of $3.11 grew 36%, ahead of the market's estimates of $2.78. By segment, subscription revenues rose 27% to $2.37 billion, ahead of the consensus estimate of $2.32 billion. Professional and other services revenues fell 10% to $72 million. Current remaining performance obligations rose 24% to $8.6 billion, again ahead of the analyst expectations of $8.37 billion. ServiceNow ended the year with revenues growing 24% to $8.9 billion. For the current quarter, ServiceNow expects subscription revenu

ServiceNow raises guidance as it aims for $10 billion revenue in 2024, with AI products fuelling growth

ServiceNow Reports Fourth Quarter and Full-Year 2023 Financial Results

ServiceNow exceeds guidance across all Q4 2023 topline growth and profitability metrics; raises 2024 subscription revenues and operating margin outlook Subscription revenues of $2,365 million in.

Nvidia: AI Driving The Bull Case Forward (Rating Upgrade) (NASDAQ:NVDA)

Real talk about AI at Davos

Beyond the hype and references to AI in every other conversation, there are real, serious, substantive discussions going on in Davos about the technology and how best to manage it.