ServiceNow delivered fourth-quarter results that beat Wall Street expectations, but its shares fell 5 percent, CNBC reported on Jan. 28.
CNBC said ServiceNow’s move to expand investment in AI and security drew mixed reactions in the market.
ServiceNow’s fourth-quarter revenue rose 20.5 percent from a year earlier to $3.57 billion. Net profit edged up to $401 million, or 38 cents per share. ServiceNow approved a $5 billion share buyback and said it would increase shareholder value.
ServiceNow recently acquired cyber security startup Armis for $7.75 billion and identity security platform Veza.
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Chi-gyu Hwang
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