ServiceNow Inc. Stock
ServiceNow Inc. Stock
Pros and Cons of ServiceNow Inc. in the next few years
Pros
Cons
Performance of ServiceNow Inc. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| ServiceNow Inc. | 0.520% | 3.883% | 2.001% | 54.705% | 10.455% | 88.229% | 186.133% |
| Gartner Inc. | 0.750% | 1.619% | -1.638% | 38.887% | 1.321% | 116.911% | - |
| CrowdStrike Holdings Inc | 1.990% | 6.885% | 15.601% | 151.462% | 37.920% | 105.270% | - |
| Cognizant Technology Solutions Corp. | -2.270% | 1.770% | -0.047% | 9.240% | -7.785% | 8.864% | 19.137% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.ServiceNow (NYSE: NOW) is a company with impressive financials, demonstrating strong performance in its industry. The corporation has shown consistent growth over the past few years, with total assets, revenue, and cash all increasing. As an analyst from the Software & IT Services industry, it is crucial to dig deeper and explore the factors contributing to the company's performance, analyzing the pros and cons of investing in ServiceNow's financials.
Growing Total Assets and Revenue: ServiceNow's financials reveal a notable increase in total assets, from $8.7 billion in 2020 to $13.6 billion as of Q1 2023. This indicates a healthy financial growth and attractive investment potential. Additionally, the company's revenue has also shown steady growth, with an increase from $4.5 billion in 2020 to $7.2 billion in 2022, and further $2.1 billion for Q1 2023 alone.
Increasing Gross Profit: ServiceNow's gross profit has consistently risen over the years, with a steady increase from $3.5 billion in 2020 to $5.6 billion in 2022. This suggests that the company's ability to generate a profit from its core business operations is improving.
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