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ServiceNow said its first-quarter subscription revenue growth was impacted by the delayed closure of several large deals due to the ongoing conflict in the Middle East.
ServiceNow's Q1 subscription revenue growth was reduced by delayed Middle East deal closures.
KEY POINTS
- The Armis acquisition will reduce ServiceNow's fiscal 2026 free cash flow margin by 200 basis points.
- Over 50% of ServiceNow's new business comes from non-seat-based, usage-tied pricing models.
- ServiceNow's Q2 subscription revenue forecast surpasses analyst expectations, despite market concerns about AI.
COMPANIES
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