ServiceNow Mixed Bag Q2 Earnings Troubles Investors

By | July 30, 2014

Scalper1 News

ServiceNow reported a mixed bag for Q2 after the close Wednesday, sending its stock down 6% in after-hours trading. The provider of software that companies use to manage IT service desk operations beat revenue expectations, but its bottom line was merely in line as profit remains elusive, and deferred revenue came up short of Wall Street views. Its Q3 revenue guidance beat, however, and analysts remain upbeat. Year-over-year revenue growth had Scalper1 News

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