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ServiceNow Shares Drop 19% After Earnings as SaaS Fears Persist

Sourcesinfo-reader-production.herokuapp.com

[The Information] ServiceNow shares fell 19% after the company reported third-quarter earnings, according to The Information. The drop came even though the IT service management software provider slightly beat its earlier revenue growth estimate for its September quarter and forecast a 2% uptick in growth for its current quarter. It is the latest sign of investor sentiment.

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