ServiceNow Shares Fall as Order Growth Slows Despite Revenue Beat

ServiceNow shares fell sharply in after-hours trading after the company posted third-quarter revenue above expectations but forecast slower growth in remaining orders for the next quarter. Revenue rose 20.5% year over year to $4.106 billion, slightly above the $4.09 billion expectation. Adjusted earnings were $1 per share, below the $1.02 forecast. The company also raised its full-year subscription revenue and free cash flow margin outlook, lifting the midpoint of its subscription revenue range by $15 million to $15.785 billion.

Source: TokenPost