ServiceNow Shares Drop After Q1 Results Despite Meeting Earnings Expectations
ServiceNow's stock fell sharply following its Q1 results, despite beating earnings expectations, as concerns over subscription revenue and RPO growth deceleration weighed on investor sentiment. The company reported revenue growth of 22% year-over-year to $3.77 billion and adjusted EPS of $0.97, exceeding analyst forecasts. The SaaS sector faces pressure to accelerate growth amid uncertainty around AI adoption.

Tickers: $NOW
Topics: AI Impact Revenue Growth SaaS ServiceNow Stock Performance