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ServiceNow Stock Plunges on Slowing Subscription Revenue Growth Forecast
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Key points
- The sales volume of Servicenow’s stock in the pre -market transaction on Thursday is 9 %, because the increase in subscription revenue issued by the software and IT service providers is slower than the earlier prediction, and it is expected that the growth of the first quarter will decrease slightly in the first quarter. Essence
- The company reports that according to the estimation of the analysts of the visible Alpha survey, the income per share is higher than the high estimation of the income and revenue after the adjustment in the fourth quarter.
- In the past year to Wednesday, Servicenow’s stock has soared by nearly 50 %.
Servicenow’s stock (Now) Since the growth rate of subscription revenue released by software and IT service providers is slower than the forecast, and it is expected that the growth of growth in the first quarter is slightly decreased, so the sales volume in the listing and transactions on Thursday was 9 %.
The company predicted that the subscription revenue in the first quarter of 2025 was between 2.995 billion US dollars and $ 3 billion, a year-on-year increase of 18.5 % -19 %.
This was in Servicenow that the subscription revenue in the fourth quarter was between 21 % and 2.87 billion US dollars, which was lower than its own forecast. Third quarter Between 21.5 % and 22 % year -on -year. In the fourth quarter, the subscription revenue was still behind the US $ 2.88 billion consensus estimate of the analyst of Alpha voting.
CEO McDermott saw huge benefits from the needs of AI
Otherwise, the results of the fourth quarter are mixed. In the fourth quarter, the revenue was US $ 2.96 billion, which is based on the estimation of the analysts of Alpha’s analysts, a year -on -year increase of 21 %. Adjust in the fourth quarter Earnings per share (EPS) The estimated value of $ 3.67 is $ 3.65.
The company’s optimism of prospects Artificial Intelligence (AI) Platform, with CEO (CEO) Bill McDermott said emerging technology “is promoting the upper and lower order of corporate technical landscapes.”
Servicenow said that there are nearly 500 customers now, and their value is $ 5 million or an annual contract value. In the past year to Wednesday, Servicenow’s stock has risen by about 50 %.
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