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Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand

UPDATE 1-Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand Adds stock movement in paragraph 1 By Jaspreet Singh July 30 (Reuters) - Software firm Freshworks FRSH.O forecast third-quarter revenue above Wall Street estimates on Tuesday, expecting a surge in demand for its AI -powered services, sending its shares up 12.6% in extended trading.
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Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand

Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand By Jaspreet Singh July 30 (Reuters) - Software firm Freshworks FRSH.O forecast third-quarter revenue above Wall Street estimates on Tuesday, expecting a surge in demand for its AI -powered services as customers ramp up digitization. Enterprise clients turn to Freshworks for its integrated platform that helps them manage customer interactions, sales and support, thereby reducing dependency on multiple products.
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U.S. STOCKS AbbVie, NYCB, Warner Bros Discovery

BUZZ-U.S. STOCKS ON THE MOVE-AbbVie, NYCB, Warner Bros Discovery Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on Thursday, with the Nasdaq and the S&P reversing early losses while the Dow and small-cap stocks outperformed, as stronger-than-expected GDP data provided some relief after the previous session's tech mauling.
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U.S. STOCKS Universal Health Services, Robert Half, Lazard

BUZZ-U.S. STOCKS ON THE MOVE-Universal Health Services, Robert Half, Lazard Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were mixed on Thursday as investors assessed stronger-than-expected GDP data and remained cautious after suffering a tech mauling in the previous session.
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Molina Healthcare Inc MOH.N +16.7% ServiceNow Inc NOW.N +13.8% CBRE Group Inc CBRE.N +10.7% Pool Corp POOL.OQ +9.5% Tyler Technologies Inc TYL.N +8.8% Bottom Performers Percent Change Edwards Lifesciences Corp EW.N -28.8% Ford Motor Co
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U.S. STOCKS RTX, Molina

REFILE-BUZZ-U.S. STOCKS ON THE MOVE-RTX, Molina Removes Abbvie in the headline Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures pared losses on Thursday after weaker-than-expected durable goods data lifted hopes for earlier interest rate cuts from the Federal Reserve.
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U.S. STOCKS KLA Corp, IMB, ServiceNow

BUZZ-U.S. STOCKS ON THE MOVE-KLA Corp, IMB, ServiceNow Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Nasdaq and S&P 500 futures slipped on Thursday, a day after a crushing selloff in megacap tech stocks steered the indexes to their biggest drop since 2022, with investors looking out for a burst of earnings releases and key economic data.
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ServiceNow jumps on raising subscription revenue forecast

BUZZ-ServiceNow jumps on raising subscription revenue forecast ** Shares of digital workflow company ServiceNow NOW.N rise 6.3% to $777 premarket ** Co raises full-year subscription rev forecast to $10.575 bln-$10.585 bln from $10.560 bln-$10.575 bln ** "Taking it all together, ServiceNow is clearly executing well, conversations around AI are leadi
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Wall Street Journal - July 25

PRESS DIGEST -Wall Street Journal - July 25 July 25 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - T-Mobile TMUS.O said it agreed to spend around $4.9 billion to form a joint venture with investment firm KKR KKR.N to buy fiber-optic internet company Metronet, in a bid to reach more residential broadband users.
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Boomi To Use ServiceNow Offerings to Streamline Customer Support

BRIEF-Boomi To Use ServiceNow Offerings to Streamline Customer Support July 24 (Reuters) - ServiceNow and Boomi: SERVICENOW AND BOOMI ANNOUNCE STRATEGIC COMMITMENT TO ELEVATE CUSTOMER EXPERIENCES THROUGH AI-POWERED SELF-SERVICE Source text for Eikon: ID:nBw368GJwa
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ServiceNow raises annual subscription revenue forecast on robust demand

UPDATE 1-ServiceNow raises annual subscription revenue forecast on robust demand Adds details in paragraphs 7,8 July 24 (Reuters) - ServiceNow NOW.N raised its full-year subscription revenue forecast on Wednesday as its enterprise customers adopt artificial intelligence-enabled cloud-based software. ServiceNow's shares were up m ore than 7 % in extended trading and have gained 3.5% so far this year, underperforming the S&P 500 index .SPX .
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ServiceNow Inc reports results for the quarter ended in June - Earnings Summary

ServiceNow Inc reports results for the quarter ended in June - Earnings Summary ServiceNow Inc NOW.N reported quarterly adjusted earnings of $3.13​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $2.37. The mean expectation of thirty analysts for the quarter was for earnings of $2.84 per share.
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ServiceNow raises annual subscription revenue forecast on robust demand

ServiceNow raises annual subscription revenue forecast on robust demand July 24 (Reuters) - ServiceNow NOW.N raised its full-year subscription revenue forecast on Wednesday as its enterprise customers adopt artificial intelligence-enabled cloud-based software. ServiceNow's shares were up about 5% in extended trading and have gained 3.5% so far this year, underperforming the S&P 500 index .SPX .
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ServiceNow up after Q2 revenue beats estimates

BUZZ-ServiceNow up after Q2 revenue beats estimates ** Shares of digital workflow company ServiceNow NOW.N up over 6% at $775.6 in extended trading ** Co's Q2 revenue up 22% YoY to $2.63 bln vs. estimates of $2.61 bln - LSEG data ** NOW forecasts Q3 subscription revenue between $2.66 bln and $2.67 bln, vs. analysts' average estimate of $2.67 bln **
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ServiceNow Q2 Adjusted Net Income USD 651 Million Vs. IBES Estimate USD 593.2 Million

BRIEF-ServiceNow Q2 Adjusted Net Income USD 651 Million Vs. IBES Estimate USD 593.2 Million Jul 24 (Reuters) - ServiceNow Q2 operating income USD 240 million. Q2 subscription revenue USD 2,542 million Q2 adjusted operating income USD 720 million vs. IBES estimate USD 655.7 million Q2 adjusted free cash flow USD 359 million Q2 net income USD 262 million Q2 revenue USD 2,627 million vs.
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ServiceNow Acquires Raytion

BRIEF-ServiceNow Acquires Raytion July 24 (Reuters) - ServiceNow Inc NOW.N : SERVICENOW ACQUIRES RAYTION TO ENHANCE GENAI-POWERED SEARCH AND KNOWLEDGE MANAGEMENT CAPABILITIES ON THE NOW PLATFORM SERVICENOW INC: FINANCIAL TERMS OF DEAL WERE NOT DISCLOSED. Source text for Eikon: ID:nBw1Tq2Mka Further company coverage: NOW.N
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ServiceNow Inc <NOW.N> expected to post earnings of $2.84 a share - Earnings Preview

ServiceNow Inc expected to post earnings of $2.84 a share - Earnings Preview ServiceNow Inc NOW.N , NOW is expected to show a rise in quarterly revenue when it reports results on July 24 for the period ending June 30 2024 The Santa Clara California-based company is expected to report a 21.2% increase in revenue to $2.607 billion from $2.15 billion a year ago, according to the mean estimate from 29 analysts, based on LSEG data.
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Bell Canada And Servicenow Announce Expanded Multi-Year Strategic Agreement To Accelerate Bell's Digital Transformation And Leadership In Ai-Powered Solutions

BRIEF-Bell Canada And Servicenow Announce Expanded Multi-Year Strategic Agreement To Accelerate Bell's Digital Transformation And Leadership In Ai-Powered Solutions July 18 (Reuters) - ServiceNow Inc NOW.N : BELL CANADA AND SERVICENOW ANNOUNCE EXPANDED MULTI-YEAR STRATEGIC AGREEMENT TO ACCELERATE BELL'S DIGITAL TRANSFORMATION AND LEADERSHIP IN AI-P
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Kandji raises $100 million from General Catalyst in latest fund-raise

Kandji raises $100 million from General Catalyst in latest fund-raise July 17 (Reuters) - Kandji, a startup that manages Apple AAPL.O devices used by corporate employees, said on Wednesday it has raised $100 million from venture capital firm General Catalyst to invest in its technology and product. San Diego-based Kandji was valued at $850 million after the fund-raise, only slightly higher than the $800-million valuation it had when it raised $100 million in 2021 led by Tiger Global Management.
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U.S. STOCKS Helios Technologies, Indivior, Principal Financial

BUZZ-U.S. STOCKS ON THE MOVE-Helios Technologies, Indivior, Principal Financial Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The S&P 500 and the Nasdaq hovered at record highs on Tuesday, propelled by gains in Nvidia and other megacaps, as U.S.
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