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
Last week, ServiceNow (NYSE:NOW) reported its third quarter results that continued to surpass market expectations. ServiceNow does not appear to be fazed by macro-economic conditions and provided an outlook that also beat the expectations. ServiceNow's Financials For the third quarter of the year, ServiceNow's revenues grew 25% to $2.29 billion, ahead of the market's forecast of $2.27 billion. EPS of $2.92 grew 49% over the year and were slightly ahead of the market's estimates of $2.56. By segment, subscription revenues grew 27% to $2.216 billion, ahead of the market's expected $2.19 billion. Professional and other services revenues came in at $72 million. Current remaining performance obligations grew 27% to $7.43 billion. For the fourth quarter, ServiceNow expects subscription revenues of $2.32-$2.325 billion, compared with the market's forecast of $2.30 billion. ServiceNow's AI Focus AI continues to be the buzz word for all tech players. ServiceNo