ServiceNow Tumbles 19% as Slower Contract Growth Overshadows Raised AI Target; Salesforce Slides 6%, Workday Drops 5%

ServiceNow Guides to Slower Backlog Growth: Rapid Earnings Reaction

ServiceNow raised its AI target again, yet the contracted backlog that feeds future revenue is guided to grow more slowly.

ServiceNow results: shares fall a record 25% after cRPO outlook

ServiceNow shares fell as much as 25% to $112.37 after markets opened in New York on Thursday. It was the biggest intraday drop since the company went public in 2012, Brody Ford reported for Bloomberg. The stock was on course for its worst day on record, according to Dow Jones Market Data cited by MarketWatch. […] This story continues at The Next Web

ServiceNow Tumbles 19% as Slower Contract Growth Overshadows Raised AI Target; Salesforce Slides 6%, Workday Drops 5%

A revenue beat and a higher AI target weren’t enough to protect ServiceNow (NYSE:NOW), because its forecast for slower growth in contracted revenue is reading as a warning for enterprise software as a whole. ServiceNow stock is at $122, down 19% in morning trading. Across the software group, Salesforce (NYSE:CRM) stock is at $228, down […]

ServiceNow Shares Fall as Order Growth Slows Despite Revenue Beat

Third-quarter revenue topped expectations, but the company’s fourth-quarter cRPO growth outlook was lower than its third-quarter pace.