ServiceNow Shares Fall 12% on Guidance

ServiceNow reported Q1 adjusted EPS $0.97, revenue $3.77 bn, 22% YoY growth, and slightly beating consensus targets.
Full‑year subscription revenue guidance raised to $15.735‑$15.775 bn, but fell short of market expectations, triggering a 12% stock plunge.
Subscription revenue $3.67 bn grew 22% YoY, faced 75 bps headwind from delayed Middle East on‑prem deals amid regional conflict.
ServiceNow announced a Google Cloud partnership and completed Armis acquisition, expected to add 125 bps to revenue growth but create near‑term margin pressure.