ServiceNow's shares rose 15% on strong earnings and upbeat guidance.

From CNBC: 2025-04-24 11:51:00

ServiceNow CEO Bill McDermott spoke at the NYSE as shares surged 15% after strong Q1 results. The enterprise technology company reported adjusted earnings of $4.04 per share on $3.09 billion in revenue, up 19% from last year. Net income rose to $460 million, and remaining performance obligations hit $10.3 billion, lifting the full-year forecast.

Despite a 12% slump in shares this year, ServiceNow saw growth in public sector business and positive discussions with DOGE. Subscription revenue narrowly beat estimates at $3.01 billion, with second-quarter projections ranging from $3.03 to $3.04 billion. The company ended the period with 508 customers totaling about $5 million in annual contract value.



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