TNW | Finance
ServiceNow shares fall a record 25% after its bookings outlook misses
The ServiceNow results came with an 18.5% forecast for contracted revenue growth, below analysts’ 19%. The company also raised its AI sales target to $1.7bn.
By TNW | Finance
Excerpt shared by Lazyfounder
·Excerpt
ServiceNow shares fell as much as 25% to $112.37 after markets opened in New York on Thursday. It was the biggest intraday drop since the company went public in 2012, Brody Ford reported for Bloomberg. The stock was on course for its worst day on record, according to Dow Jones Market Data cited by MarketWatch.
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