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ServiceNow Shares Rise 6% As Q1 Earnings Beat Street View

Shares of American software company ServiceNow, Inc. (NOW) are climbing 6 percent on Thursday's trading after the company's first-quarter earnings beat the Street estimates. Revenues also rose 26 percent from last year.

The company's bottom line came in at $75 million, or $0.37 per share. This compares with $82 million, or $0.41 per share, in last year's first quarter.

Excluding items, ServiceNow, Inc. reported adjusted earnings of $352 million or $1.73 per share for the period. Analysts on average had expected the company to earn $1.70 per share, according to figures compiled by Thomson Reuters.

The company's revenue for the quarter rose 26.5 percent to $1.72 billion from $1.36 billion last year.

Currently at $495.09, the stock has traded between $448.27 and $707.60 during the past 52 weeks.

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