SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — ServiceNow Inc. (NOW) on Wednesday reported first-quarter profit of $150 million.
The Santa Clara, California-based company said it had profit of 73 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.37 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The maker of software that automates companies’ technology operations posted revenue of $2.1 billion in the period, also surpassing Street forecasts. Twelve analysts surveyed by Zacks expected $2.09 billion.
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