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Freshworks Reports Fourth Quarter and Full Year 2023 Results

Full year revenue grew 20% year-over-year for both as reported and constant currencyFourth quarter revenue grew 20% year-over-year, 19% adjusting for constant currencyImproved business efficiency with.

PTP To Acquire Channel Companies To Drive AWS And AI Growth

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

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