ServiceNow Inc (NOW) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.09. The company posted revenue of $341.30 million in the period, compared to analysts expectations of $333.91 million. The company’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on ServiceNow Inc. Company shares were Upgraded by Mizuho on Jul 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $70 .
ServiceNow Inc opened for trading at $75.4 and hit $78.77 on the upside on Thursday, eventually ending the session at $76.38, with a gain of 4.66% or 3.4 points. The heightened volatility saw the trading volume jump to 39,91,920 shares. Company has a market cap of $12,435 M.
In a different news, on Jul 13, 2016, David Schneider (Chief Revenue Officer) sold 5,000 shares at $69.26 per share price. According to the SEC, on Jun 9, 2016, Frederic B Luddy (CHIEF PRODUCT OFFICER) sold 195,000 shares at $75.86 per share price. On May 18, 2016, Daniel Mcgee (Chief Operating Officer) sold 6,892 shares at $70.01 per share price, according to the Form-4 filing with the securities and exchange commission.
ServiceNow Inc. is a provider of cloud-based solutions that define structure manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization including IT human resources (HR) facilities field service marketing legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries including financial services consumer products IT services health care and technology. The Company offers a portfolio of services including Professional Services Education Services and Customer Support. The Company provides its services from data centers located in Australia Brazil Canada Hong Kong the Netherlands Singapore Switzerland the United Kingdom and the United States.