Why Shares of ServiceNow Rose 43.5% in the First Half of 2020

Why Shares of ServiceNow Rose 43.5% in the First Half of 2020

Shares of cloud enterprise software company ServiceNow (NYSE: NOW) rose 43.5% in the first half of 2020, according to data from S&P Global Market Intelligence. Combined with a solid first-quarter earnings report and better-than-feared guidance, ServiceNow shares logged a terrific first-half performance. In the first quarter, ServiceNow logged 34% revenue growth and earnings per share of $0.24, with both figures beating expectations.