Key Developments: ServiceNow Inc (NOW.N)

NOW.N on New York Stock Exchange

53.26USD
17 Apr 2014
Price Change (% chg)

$-0.03 (-0.06%)
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Latest Key Developments (Source: Significant Developments)

ServiceNow Inc issues Q1, FY 2014 revenue guidance above analysts' estimates
Wednesday, 29 Jan 2014 04:01pm EST 

ServiceNow Inc:Expects Q1 2014 revenue to be in the range of $133 and $135 mln.Expects FY 2014 revenue to be in the range of $640 to $645 mln.Q1 2014 revenue of $131 mln - Thomson Reuters I/B/E/S.FY 2014 revenue of $611 mln - Thomson Reuters I/B/E/S.  Full Article

ServiceNow Inc Prices $500 Million of 0% Convertible Senior Notes Due 2018
Thursday, 7 Nov 2013 02:57am EST 

ServiceNow Inc announced that it has priced $500 million aggregate principal amount of 0% Convertible Senior Notes due 2018 (the notes). The notes will be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. ServiceNow also granted the initial purchasers of the notes an option to purchase up to an additional $75 million aggregate principal amount of notes, solely to cover over-allotments. The sale is expected to close on November 13, 2013, subject to customary closing conditions. Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, RBC Capital Markets and Wells Fargo Securities are acting as initial purchasers of the notes. The notes will mature on November 1, 2018, unless repurchased or converted in accordance with their terms prior to such date. ServiceNow estimates that the net proceeds from the offering will be approximately $489.5 million (or approximately $563.0 million if the initial purchasers exercise their over-allotment option in full), after deducting the initial purchasers` discount and estimated offering expenses payable by ServiceNow. ServiceNow expects to use the net proceeds from the offering of the notes for general corporate purposes, including potential acquisitions and strategic transactions, and to pay the cost of the convertible note hedge transactions (after such cost is partially offset by the proceeds to ServiceNow from the sale of the warrant transactions).  Full Article

ServiceNow Inc To Offer $500 Million Convertible Senior Notes Due 2018
Tuesday, 5 Nov 2013 04:15pm EST 

ServiceNow Inc announced that it proposes to offer $500 million aggregate principal amount of convertible senior notes due 2018 (the notes), subject to market conditions and other factors. The notes are to be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. ServiceNow also intends to grant to the initial purchasers of the notes an option to purchase up to an additional $75 million aggregate principal amount of notes, solely to cover over-allotments. The notes will be senior unsecured, unsubordinated obligations of ServiceNow, and interest will be payable semi-annually. Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, RBC Capital Markets and Wells Fargo Securities are acting as initial purchasers of the notes. ServiceNow expects to use the net proceeds from the offering of the notes for general corporate purposes, including potential acquisitions and strategic transactions, and to pay the cost of the convertible note hedge transactions (after such cost is partially offset by the proceeds to ServiceNow from the sale of the warrant transactions) described below. However, ServiceNow has no commitments with respect to any such acquisitions or investments at this time.  Full Article

ServiceNow Inc Issues Q4 2013 Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Revenue Guidance
Wednesday, 23 Oct 2013 04:01pm EDT 

ServiceNow Inc announced that for the fourth quarter of 2013, it expects total revenues between $119.0 and $121.0 million. For fiscal 2013, it expects total revenues to be in the range of $418.4 to $420.4 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $116 million for fourth quarter of 2013; revenue of $409.2 million for fiscal 2013.  Full Article

RXP Services Ltd Announces Strategic Alliance with ServiceNow Inc
Monday, 7 Oct 2013 07:34pm EDT 

RXP Services Ltd announced that it has formed a Strategic Alliance with ServiceNow Inc to jointly deliver business transformation services, with a particular focus on the emerging Enterprise Service Management (ESM) market. This strategic alliance brings together the key strengths of RXP and ServiceNow which span all aspects of business and technology transformation including strategic planning, business and technology architecture, platform implementation and support, organisational change management and ICT governance.  Full Article

Partner Communications Selects ServiceNow Inc For Service Delivery Transformation
Monday, 5 Aug 2013 08:05am EDT 

ServiceNow Inc announced that Partner Communications Company Ltd. has selected ServiceNow software-as-a-service to transform the service experience for customers and suppliers. Partner Communications is consolidating more than 10 separate systems across IT and Engineering divisions into a single system of record.  Full Article

ServiceNow Inc Issues Q3 2013 Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Revenue Guidance
Wednesday, 31 Jul 2013 04:01pm EDT 

ServiceNow Inc announced that for third quarter of 2013, it expects total revenues between $104 and $106 million, representing year-over-year growth between 62% and 65%. For fiscal 2013, it expects revenues to be in the range of $406 to $410 million, representing year-over-year growth between 67% and 68%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $95 million for third quarter of 2013; revenue of $397 million for fiscal 2013.  Full Article

ServiceNow Inc Acquires Mirror42
Tuesday, 9 Jul 2013 04:00pm EDT 

ServiceNow Inc announced that it has acquired Mirror42 for an undisclosed sum and is offering its cloud-based IT and business intelligence solution to ServiceNow customers. The new ServiceNow Performance Analytics product provides users with Key Performance Indicator (KPI)-driven dashboards and scorecards that work transparently with all ServiceNow applications. The product enables ServiceNow customers to optimize service processes in IT and across the enterprise.  Full Article

ServiceNow Inc Lowers Low End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates-Conference Call
Wednesday, 29 May 2013 06:20pm EDT 

ServiceNow Inc announced that for fiscal 2013, it expects revenue in the range of $392 million to $398 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $396 million for fiscal 2013.  Full Article

ServiceNow Inc Issues Q2, FY 2013 Revenue Guidance Above Analysts' Estimates
Wednesday, 24 Apr 2013 04:00pm EDT 

ServiceNow Inc announced that for second quarter of 2013, it expects revenues between $94 million and $96 million, representing year-over-year growth between 66% and 69%. For fiscal 2013, it expects revenues to be in the range of $394 million to $398 million, representing year-over-year growth between 62% and 63%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $92 million for second quarter of 2013 and revenue of $390 million for fiscal 2013.  Full Article

ServiceNow's revenue jumps 67 percent

- ServiceNow Inc , a software company focused on IT infrastructure, reported a 67 percent rise in fourth-quarter revenue as it added more customers, sending its shares up 5 percent in extended trading.

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