NOW Stock: ServiceNow Profits Beat Views, But Stock Falls On Revenue

ServiceNow (NOW) on Wednesday reported December-quarter earnings that topped views while revenue growth only met expectations. NOW stock tumbled, though 2023 subscription revenue guidance came in above expectations.

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Reporting after the close, the Santa Clara, Calif-based enterprise software maker said earnings climbed 46% to $2.28 per adjusted share. Revenue climbed 20% to $1.94 billion, ServiceNow said.

Meanwhile, NOW stock analysts expected the company to report earnings of $2.02…