ServiceNow23Q4 Results Beat Expectations, Reveals Partner Program Transformation
ServiceNow (NOW) "s recent results and strategies deliver a strong growth trajectory and beat market expectations。And the ability to expand its customer base and innovate products indicates that ServiceNow is a company worthy of the attention of investors who want to invest in the AI industry.。
ServiceNow (NOW) recently reported revenue for the fourth quarter of 2023, outperforming expectations。The company's subscription revenue grew 27% to 23.$700 million, more than the average estimate of 23.$200 million。After deducting certain items, the profit per share is 3.$11, surpassing the average estimate of 2.79 USD。Contract sales up 24%, beating analyst estimates。
In addition to its financial performance, ServiceNow also revealed the transformation of its partner programs and launched new areas of specialization.。The company has launched a new partner channel on LinkedIn that provides guidance and incentives to improve technology implementation and optimization for businesses around the world.。
ServiceNow's strong performance benefited from the integration of artificial intelligence into its core products。The company expects full-year subscription sales to grow by about 22%.。Amid AI frenzy, the company's stock has risen 82% in the past year。Shares have risen about 8% this month.。
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