SERVICENOW, INC. (NOW)
ServiceNow, Inc. (NOW) is a cloud computing company that specializes in digital workflow solutions. Founded in 2004, it provides a platform for automating and streamlining IT services, operations, and business workflows across various enterprise functions such as HR, customer service, and security. ServiceNow's offerings help organizations improve efficiency, reduce manual processes, and enhance service delivery.
Company News
Shaker Investments sold approximately 2,910 shares of ServiceNow, reducing its portfolio exposure by about 75%, potentially signaling concerns about the company's performance amid shifting market sentiment towards AI-driven technologies.
Dataiku, an AI platform company, announced $350 million in annual recurring revenue and appointed Mark Abramowitz as CMO to drive global expansion and enterprise AI governance strategies.
Blue Mantis has acquired Coreio Inc., a ServiceNow consulting firm, to expand its IT services capabilities, strengthen its Canadian market presence, and enhance midmarket service offerings.
DocuSign reported strong Q2 earnings, beating revenue and earnings expectations, with a 13% year-over-year revenue increase and growing adoption of its Intelligent Agreement Management (IAM) platform. The company shows potential as a value play in the technology sector with attractive valuation and expanding market footprint.
Okta, a software company that helps manage workplace application access, reported strong earnings and guidance, in contrast to some of its larger peers like Salesforce and ServiceNow.
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