ServiceNow is expected to show growth in Q4 earnings with strong subscription revenue projections

From Nasdaq: 2025-01-24 11:14:00

ServiceNow is set to release its Q4 2024 results on Jan. 29, with estimates of $2.95 billion in revenues and $3.58 per share in earnings, showing growth from the previous year. The company has consistently beaten estimates in the past four quarters.

ServiceNow expects a strong performance in Q4 with subscription revenues projected to grow by 21.5-22% year over year. The company has a robust portfolio, boasting 2,020 customers with over $1 million in annual contract value.

Despite a stretched valuation, ServiceNow’s stock has outperformed its sector and industry, with a bullish trend in trading. The company’s focus on innovation and AI technologies, like Gen AI, sets it up for continued growth and success.

ServiceNow’s partnership with major tech players like Amazon, Microsoft, and NVIDIA, along with other collaborations, positions the company for future growth. The company’s GenAI portfolio and strong partner base are expected to drive subscription revenues in the long term.



Read more at Nasdaq: Should ServiceNow Stock Be in Your Portfolio Pre-Q4 Earnings?