ServiceNow Shares Plunge 31% as Investors Focus on Slower Growth
ServiceNow’s valuation reset by 31% as investors focused on slower subscription growth and deteriorating margins, despite good sales growth. Third-quarter subscription revenue rose 20.5% at constant currency to $3.99 billion.
Enterprise workflow software provider ServiceNow Inc. (NOW, Financials) saw its valuation reset by 31% as investors fixated on slower subscription growth and deteriorating margins amid good sales growth.Third quarter subscription revenue rose 20.5% at constant currency to $3.99 billion, total reven…