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Oct. 23, 2019, 5:29 p.m. EDT

ServiceNow's stock up 7% on solid quarter, introduction of new CEO

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By Jon Swartz

ServiceNow Inc.'s /zigman2/quotes/202729495/composite NOW -5.15% stock was up 7% in after-hours trading Wednesday after the cloud-services company reported solid third-quarter results and introduced its new chief executive. ServiceNow reported earnings of $1.03 a share. Revenue soared 32% to $885.8 million. Analysts surveyed by FactSet had expected earnings of 99 cents a share on revenue of $886 million. Following its results, the company held a conference call with Bill McDermott, the former SAP SE /zigman2/quotes/207905606/composite SAP -0.51% CEO who is joining the company by the end of the year. McDermott succeeds John Donahoe, who was named Nike Inc. /zigman2/quotes/203439053/composite NKE +1.15% CEO on Tuesday. ServiceNow shares are up 24% this year. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.28% has gained 20% this year.

/zigman2/quotes/202729495/composite
US : U.S.: NYSE
$ 259.00
-14.07 -5.15%
Volume: 4.42M
April 2, 2020 4:10p
P/E Ratio
81.87
Dividend Yield
N/A
Market Cap
$51.83 billion
Rev. per Employee
$319,943
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/zigman2/quotes/207905606/composite
US : U.S.: NYSE
$ 104.99
-0.54 -0.51%
Volume: 1.03M
April 2, 2020 4:10p
P/E Ratio
33.82
Dividend Yield
1.17%
Market Cap
$125.97 billion
Rev. per Employee
$302,071
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/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 80.14
+0.91 +1.15%
Volume: 12.73M
April 2, 2020 4:10p
P/E Ratio
29.68
Dividend Yield
1.22%
Market Cap
$123.39 billion
Rev. per Employee
$529,466
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/zigman2/quotes/210599714/realtime
US : S&P US
2,526.90
+56.40 +2.28%
Volume: 3.87B
April 2, 2020 5:11p
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