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30 January
ServiceNow’s stock falls as the outlook underwhelms. But it is conservative?

Earnings Results

ServiceNow’s CFO says the forecast for subscription revenue is prudent. And one analyst cheers the company’s momentum with large deals.

ServiceNow shares dropped in Wednesday’s late trading. Photo: Getty Images

ServiceNow Inc.’s stock had been hot, but it lost steam in Wednesday’s after-hours trading as the company came up a bit shy on subscription revenue, a closely watched metric.

The software company also missed expectations with its subscription-revenue guidance, as its chief financial officer said she expects deals to be more weighted toward the second half of the year.

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