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00:03ServiceNow reported first quarter adjusted earnings of $0.97 per share on $3.77 billion
00:09in revenue, beating estimates of $0.96 per share and $3.74 billion, according to CNBC.
00:17Revenue grew 22% year over year. Net income reached $469 million, or $0.45 per share,
00:25up from $460 million, or $0.44 per share. Subscription revenue totaled $3.67 billion
00:33and exceeded expectations. The company said the Middle East conflict delayed large deals and
00:38created a 75-basis-point headwind. ServiceNow raised fiscal 2026 subscription revenue guidance to
00:45$15.74 billion to $15.78 billion. The company repurchased about 20 million shares and expanded
00:52its Google Cloud deal. Stock is down about 30% year-to-date, even as its AI portfolio is
00:57outperforming and on track to exceed a $1 billion target for 2026.
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