Emil Jusifov from the investor magazine “Der Aktionär” has carefully studied the shares of ServiceNow Inc. (ISIN: US81762P1021, WKN: A1JX4P, stock code: 4S0, NYSE: NOW) in the current stock analysis.
After the closing of the American Stock Exchange, cloud computing giant ServiceNow today announced business data for the past second quarter. This time, the company is also loyal to itself. Californians surpassed analyst expectations in terms of sales and profits, and raised their forecasts.
The company’s revenue increased by 32% to $1.41 billion. Analysts assume an average of $1.36 billion. Subscription revenue will reach $1.33 billion. This is higher than the expected 1.3 billion US dollars. Adjusted earnings per share were $1.42 (expected: $1.21).
The number of customers with orders exceeding USD 1 million has increased to 1,201, a year-on-year increase of 25%.
ServiceNow President and CEO Bill McDermott (Bill McDermott) said: “I am very proud of the performance of our team. We have greatly exceeded the guidance limit for all indicators and are now improving our guidance this year.” In a rapidly changing world, our customers rely on the flexibility of the Now platform to develop innovative digital solutions to meet the biggest challenges of our time,” McDermott continued.
ServiceNow now expects third-quarter sales to be between $1.400 and $1.405 billion, an increase of 28% to 29% from the previous year. The operating profit margin should be 24.5%.
ServiceNow once again reported a clear double-digit growth rate and a significant increase in profitability. The share may also rise after the market. Shareholders are still bullish. Investors should let profits run on ServiceNow shares, as does Emil Jusifov of “Der Aktionär”. (Analysis from 07/28/2021)
Notes on possible conflicts of interest:
The author Emil Jusifov directly holds the position of the following financial instruments mentioned in the publication or related derivatives that benefit from any price development caused by the publication: ServiceNow.
Please also note the information on the disclosure obligations in the event of a conflict of interest within the meaning of the 2014/57/EU Directive and the corresponding EU regulations in the following link.
ServiceNow Stock Exchange:
Tradegate share price ServiceNow shares:
492,20 Euro-0,12% (28.07.2021, 22:26)
New York Stock Exchange stock price ServiceNow stock:
583,35 USD+0,18% (28.07.2021, 22:15)
ISIN ServiceNow-Aktie:
US81762P1021
WKN ServiceNow operation:
A1JX4P
Stock code ServiceNow shares Germany:
4S0
NYSE-Symbol ServiceNow-Aktie:
now
About ServiceNow:
ServiceNow Inc. (ISIN: US81762P1021, WKN: A1JX4P, stock code: 4S0, New York Stock Exchange code: NOW) is an enterprise cloud computing solution provider that defines, builds, manages and automates services for global companies. The company provides a series of cloud-based services that can automate workflows within and between company departments. (07/28/2021 / ac / a / n)
Disclosure of possible conflicts of interest:
You can view possible conflicts of interest on the site of the creator/source of the analysis.
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