ServiceNow Reports Fourth Quarter and Full-Year 2024 Financial Results; Board of Directors Authorizes Additional $3B for Share Repurchase Program
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ServiceNow announced its Q4 2024 financial results, reporting a 21% year-over-year growth in subscription revenues. The company also authorized an additional $3 billion for its share repurchase program.
January 29, 2025 | 9:30 pm
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ServiceNow reported a 21% year-over-year growth in Q4 2024 subscription revenues and authorized an additional $3 billion for share repurchases, indicating strong financial performance and shareholder value enhancement.
The 21% growth in subscription revenues demonstrates strong business performance, while the $3 billion share repurchase authorization suggests confidence in future prospects and a commitment to returning value to shareholders. These factors are likely to positively impact the stock price in the short term.
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