Key Developments: ServiceNow Inc (NOW)
40.39USD
17 May 2013
$0.49 (+1.23%)
$39.90
$39.75
$40.48
$39.44
1,419,734
1,502,553
$43.99
$22.62
Latest Key Developments (Source: Significant Developments)
ServiceNow Inc Issues Q2, FY 2013 Revenue Guidance Above Analysts' Estimates
ServiceNow Inc announced that for second quarter of 2013, it expects revenues between $94 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 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 for fiscal 2013. Full Article
Holland America Line Selects ServiceNow Inc For Enterprise IT Service Automation
ServiceNow Inc announced that Holland America Line has selected ServiceNow software-as-a-service to automate corporate and fleet IT services. Holland America Line is using ServiceNow to help consolidate IT systems and automate enterprise operations to expedite IT service delivery, reduce manual tasks and associated costs. Full Article
ServiceNow Inc Issues Q1 2013 Mixed Guidance
ServiceNow Inc announced that for first quarter of 2013, it expects total revenues to be between $81.5 and $82.5 million and loss per basic and diluted share between $0.05 and $0.04 (EPS). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $78 million and EPS of $(0.01) for first quarter of 2013. Full Article
ServiceNow Inc Announces Closing Of Follow-On Public Offering And Full Exercise Of Underwriters’ Option To Purchase Additional Shares
ServiceNow Inc announced that the closing of its previously announced follow-on public offering of 16,100,000 shares of its common stock at a price to the public of $28.00 per share, which included the exercise in full by the underwriters of their option to purchase 2,100,000 additional shares of common stock. Of the 16,100,000 shares of ServiceNow’s common stock sold in the public offering, 1,897,500 shares were sold by ServiceNow and 14,202,500 shares were sold by selling stockholders. Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. acted as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC acted as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC acted as co-managers. Full Article
ServiceNow Inc Announces Pricing of Follow-on Public Offering
ServiceNow Inc announced the pricing of its follow-on public offering of 14,000,000 shares of its common stock at a price to the public of $28.00 per share. Of the 14,000,000 shares of ServiceNow common stock being offered, 1,650,000 shares are being offered by ServiceNow and 12,350,000 shares are being offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to 2,100,000 additional shares of common stock offered by ServiceNow and the selling stockholders, consisting of 247,500 shares offered by ServiceNow and 1,852,500 shares offered by selling stockholders. As part of the offering, the selling stockholders have entered into lock-up agreements that will extend the initial public offering lock-up period on their remaining shares until 90 days after this offering. ServiceNow will not receive any proceeds from the sale of the shares by the selling stockholders. The primary purposes of the offering are to facilitate an orderly distribution of its shares by selling stockholders, increase the Company's public float and increase the Company's financial flexibility. Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. are acting as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC are acting as co-managers. Full Article
ServiceNow Inc Issues Q4 2012 Guidance; EPS Guidance Above Analysts' Estimates; Raises FY 2012 Revenue Guidance
ServiceNow Inc announced that for the fourth quarter of 2012, it expects total revenues between $69 and $71 million and loss per basic and diluted share (EPS) between $0.05 and $0.06. For fiscal 2012, it expects revenues to be in the range of $237.5 to $239.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $69.25 million and EPS of $(0.08) for the fourth quarter of 2012; revenue of $235 million for fiscal 2012. Full Article
ServiceNow Inc Secures Contract
ServiceNow Inc announced Addleshaw Goddard has selected ServiceNow to automate IT service delivery for more than 1,250 staff in the UK and Singapore. Full Article
ServiceNow Inc Issues Q3 2012 Guidance; Issues FY 2012 Guidance Above Analysts' Estimates
ServiceNow Inc announced that for third quarter of 2012, it expects revenues between $61-$63 million and loss per basic and diluted share (EPS) between $0.10-$0.11. For fiscal 2012, it expects revenues to fall within the range of $233-$237 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $229 million for fiscal 2012. Full Article
ServiceNow Inc Announces Closing Of Initial Public Offering And Full Exercise Of Underwriters' Over-Allotment Option
ServiceNow Inc announced the closing, on July 5, 2012, of its previously announced initial public offering of 13,397,500 shares of its common stock at a price to the public of $18.00 per share, which included 1,747,500 shares of common stock issued upon the exercise in full of the underwriters’ option to purchase additional shares to cover over-allotments. Of the 13,397,500 shares of ServiceNow common stock sold, 10,350,000 shares were sold by ServiceNow and 3,047,500 shares were sold by selling stockholders. The shares began trading on the New York Stock Exchange on June 29, 2012 under the symbol NOW. Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. acted as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC acted as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC acted as co-managers. Full Article
ServiceNow Inc Announces Pricing Of Initial Public Offering
ServiceNow Inc announced the pricing of its initial public offering of 11,650,000 shares of its common stock at a price to the public of $18.00 per share. Of the 11,650,000 shares of ServiceNow common stock being offered, 9,000,000 shares are being offered by ServiceNow and 2,650,000 shares are being offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 1,747,500 shares of common stock offered by ServiceNow and selling stockholders to cover over-allotments, if any. The shares are expected to begin trading on the New York Stock Exchange on June 29, 2012 under the symbol 'NOW'. Morgan Stanley & Co. LLC, Citigroup Global Markets, Inc., and Deutsche Bank Securities Inc. are acting as lead book-running managers for the offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, and UBS Securities LLC are acting as joint book-running managers for the offering. Pacific Crest Securities LLC and Wells Fargo Securities, LLC are acting as co-managers. Full Article
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