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23,110 signal articles · 330 in last 24h · 110,583 total before filter · latest 47m ago
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Software company soars amid plans to cut 1,000 jobs
TheStreet8d agobullish
Software company soars amid plans to cut 1,000 jobs

ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW's stock price climbed toward $111 after the plan surfaced, up about 9% over five trading sessions. The stock had fallen more ...

Investing.com8d agoneutral
Software catches a bid as investors rotate ahead of Palantir earnings

Investing.com -- The software sector is catching a major tailwind today, fueled by a noticeable rotation out of semiconductor stocks and into high-growth enterprise tech. Microsoft’s (NASDAQ: MSFT) strong pre-market rally—driven by a massive $90 billion Q4 print and 43% Azure growth—has ignited a broader bid across the iShares Expanded Tech-Software Sector ETF.

Rimini Street Q2 Earnings Call Highlights
MarketBeat10d agoneutral
Rimini Street Q2 Earnings Call Highlights

Rimini Street (NASDAQ:RMNI) reported second-quarter revenue growth and reiterated its full-year outlook, citing demand for its core support offerings, expansion of its enterprise software services portfolio and progress in selling AI-focused solutions. Revenue for the quarter ended June 30 was $111

Goldman says ServiceNow is writing a totally new playbook
TheStreet16d agoneutral
Goldman says ServiceNow is writing a totally new playbook

Seven years ago, on an earnings call, ServiceNow CEO Bill McDermott promised the company would become the defining enterprise software company of the 21st century, according to a transcript published by Benzinga. That promise rested almost entirely on IT ticket routing, the unglamorous software ...

ServiceNow’s quiet $1B cybersecurity boom
TheStreet18d agoneutral
ServiceNow’s quiet $1B cybersecurity boom

ServiceNow reported second-quarter results the evening of Wednesday, July 22, beating Wall Street’s expectations on revenue, margin, and bookings. The backdrop made that harder than it sounds. Investors had spent the prior week watching IBM and Pegasystems blame artificial intelligence spending ...

Bank of America spots ServiceNow’s overlooked AI advantage
TheStreet18d agoneutral
Bank of America spots ServiceNow’s overlooked AI advantage

Bank of America reiterated its Buy rating and $130 price target on ServiceNow (NOW) after the software company reported stronger-than-expected second-quarter contract growth. The target represents about a 36% upside from the $95.46 share price listed in BofA’s July 23 report. According to the ...

ServiceNow Q2 Earnings Call Highlights
MarketBeat19d agoneutral
ServiceNow Q2 Earnings Call Highlights

ServiceNow (NYSE:NOW) reported stronger-than-expected second-quarter 2026 results, with executives pointing to broad demand across artificial intelligence, cybersecurity, IT operations, customer relationship management and employee workflows. Chairman and Chief Executive Officer Bill McDermott said

ServiceNow raises annual subscription revenue forecast again on AI-driven demand
Reuters20d agoneutral
ServiceNow raises annual subscription revenue forecast again on AI-driven demand

ServiceNow on Wednesday raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue ‌and profit estimates, driven by growing demand for its AI-powered software. Shares ‌of ServiceNow rose over 5% in volatile extended trading. The results come as software giants are grappling with concerns of a "SaaSpocalypse" - a term reflecting the gloom around software-as-a-service companies amid growing capabilities of new AI tools provided by startups like OpenAI and Anthropic.