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ServiceNow Reports Q1 Results and Q2 Guidance, Shares Fall

ServiceNow, Inc. (NYSE:NOW) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights. The Details: ServiceNow reported quarterly earnings of $3.41 per share which beat the analyst consensus estimate of $3.14 by 8.6%. Quarterly sales came in at $2.6 billion which beat the analyst consensus estimate of $2.59 billion and represents a 24.19% increase over sales of $2.1 billion from the same period last year. The company reported subscription revenues of $2.523 billion in the first quarter, representing 25% year-over-year growth, 24.5% in constant currency. ServiceNow highlighted recording eight transactions over $5 million in net ...