Stock Analysis
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- NYSE:NOW
ServiceNow Second Quarter 2024 Earnings: EPS Beats Expectations
ServiceNow (NYSE:NOW) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$2.63b (up 22% from 2Q 2023).
- Net income: US$262.0m (down 75% from 2Q 2023).
- Profit margin: 10.0% (down from 49% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$1.27 (down from US$5.12 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ServiceNow EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are up 12% from a week ago.
Risk Analysis
You still need to take note of risks, for example - ServiceNow has 1 warning sign we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NYSE:NOW
ServiceNow
Provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.