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Shares fell more than 7%. Dow Inc : Shares fell more than 1.5% despite the chemicals maker reporting better-than-expected results. I'd buy the stock," Cramer said. Chipotle : The burrito chain reported better-than-expected sales and earnings, with same-store sales growth of 7% easily surpassing Wall Street estimates. ServiceNow : Shares fell more than 6% despite the maker of workflow software's quarterly results beating on the top-and-bottom lines.
Persons: Jim Cramer's, Jim Cramer, I'd, Cramer, Bill McDermott Organizations: CNBC, Club, Caterpillar, Dow Inc, Wall, Merck Locations: Dover
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott on Q1 beat: We've become the AI platform for business transformationServiceNow chairman and CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, growth outlook, AI adoption, and more.
Persons: Bill McDermott, We've Organizations: Q1
That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .
Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, , Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott on AI impact: It's been an amazing uptake in our businessServiceNow chairman and CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the impact of AI on the company, and more.
Persons: Bill McDermott
SAP CEO Christian Klein speaks at a panel session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. SAP said on Tuesday that it aims to carry out voluntary buyouts or enable job changes for 8,000 employees as part of a restructuring program for 2024. SAP said it now expects 10 billion euros ($10.85 billion) in 2025 adjusted operating profit. That was above the consensus of 8.33 billion euros among analysts polled by LSEG. WATCH: SAP CEO says 2024 will be year AI moves from discovery to execution
Persons: Christian Klein, Klein, Jennifer Morgan, Bill McDermott, LSEG Organizations: Economic, SAP, Nasdaq, Adobe, Microsoft, Oracle Locations: Davos, Switzerland, German
We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Tesla, ServiceNow, Bill McDermott, Russell, , Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott: It's 'unbelievable' how AI generates productivityServiceNow Chairman, President and CEO Bill McDermott joins 'Squawk Box' to discuss how the company is using AI to help other businesses transform how they function, the impact on productivity, and more.
Persons: Bill McDermott, It's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO breaks down #5 ranking in American Opportunity IndexBill McDermott, ServiceNow CEO, joins 'Squawk on the Street' to discuss the company's standings in the American Opportunity Index, how much the tight labor market factors into the company's standings, and more.
Persons: Bill McDermott Organizations: American Opportunity
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO on Q3 earnings beat: Digital transformation has turned into business transformationServiceNow chairman and CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the impact of generative A.I. on its platform, and more.
Persons: Bill McDermott
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott: I'm expecting 2024 to be a big year for IT spendBill McDermott, ServiceNow CEO, joins 'Closing Bell Overtime' to talk the 'AI revolution', IT spend, platform expansion and more.
Persons: Bill McDermott, I'm Organizations: IT
Or are the stocks that are now hated going to turn out to be precursors of the next downturn? Of all the techs I follow, I think ServiceNow probably had the best quarter. We know what to pay when we think a stock is going up, which is the going price. Next thing you know that stock is down to $143 and you say to yourself, should I buy it back? In that case, you need to sell stocks pretty aggressively until we get oversold, raising cash to 10% like us.
Persons: gaga, Everest, it's, Dow, ServiceNow, Jensen Huang, Bill McDermott, Bill, CARR, hasn't, Dupont, Let's, let's, Christian McCaffrey, Jeff Marks, FOMO, that's, Jim Cramer's, Jim Cramer, Jim, Jim Cramer Rob Kim Organizations: Nasdaq, Walmart, Costco, Nvidia, Fed, Dow, Electric, GE, Accenture, SAP, Otis Worldwide, Carrier Global, Caterpillar, Apple, Football, Bull, San Francisco 49er, CNBC Locations: Eaton
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott on A.I. integration, partnership with Nvidia and AccentureServiceNow chairman and CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the integration of A.I., partnership with Nvidia and Accenture, and more.
Persons: Bill McDermott Organizations: Nvidia, Accenture ServiceNow, Accenture
July 26 (Reuters) - ServiceNow (NOW.N) reported quarterly revenue above Wall Street estimates on Wednesday, boosted by a growing demand for its artificial intelligence solutions. The rising demand for workflow automation and the company's continued efforts to expand its portfolio with new generative AI solutions helped drive growth. The company forecast third-quarter subscription revenue in the range of $2.19 billion to $2.20 billion. ServiceNow's overall subscription revenue for the quarter was $2.15 billion, higher than analysts' average estimate of $2.13 billion, according to Refinitiv data. On an adjusted basis, the company earned $2.37 per share during the quarter, compared with a profit estimate of $2.05 per share, according to Refinitiv.
Persons: Bill McDermott, ServiceNow, Yamini Kalia, Tanya Jain, Pooja Desai Organizations: Nvidia, Accenture, Thomson Locations: Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGenerative A.I. will improve productivity dramatically, says ServiceNow's Bill McDermottServiceNow CEO Bill McDermott says artificial intelligence will be a gamechanger for employees, enabling growth rather than taking jobs away.
Persons: Bill McDermott
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO Jensen Huang says ServiceNow partnership is a growth opportunity for both companiesServiceNow CEO Bill McDermott and Nvidia CEO Jensen Huang join 'Closing Bell Overtime' to discuss the two companies recent partnership, the future of A.I., and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO Bill McDermott says A.I. should be empowering people to do businessServiceNow CEO Bill McDermott joins 'Closing Bell Overtime' to discuss the company's innovation in the enterprise software space, the future of ServiceNow, and how A.I. has been utilized in ServiceNow's technology.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with ServiceNow CEO Bill McDermott and Nvidia CEO Jensen HuangServiceNow CEO Bill McDermott and Nvidia CEO Jensen Huang join 'Closing Bell Overtime' to discuss the two companies recent partnership, the future of A.I., and more.
Baird upgrades software stock ServiceNow (NOW) to buy from hold, with a price target of $548, up from $475. Raises price target to $140 from $135. Barclays turns on life science tools and diagnostics sector, drops price target for Club favorite Danaher (DHR) to $270 from $290 and expects a "relatively light" first-quarter guide. Norfolk Southern (NSC) upgraded to hold from sell at Morgan Stanley with unchanged price target of $171. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Bahnsen's investment philosophy focuses specifically on high-quality stocks that have a high dividend yield, along with consistent increases. One of his favorite plays is Procter & Gamble , which currently has a dividend yield of 2.5%. EOG has a 2.9% dividend yield and also has been paying a special dividend. Health-care names Names in the health-care sector are generally considered defensive. Quanta Services has a dividend yield on the lower end, at 0.2%.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO on enterprise tech spending, rising rates and growth in the sectorBill McDermott, ServiceNow CEO, joins 'Closing Bell: Overtime' to discus enterprise tech spending and how rising rates may impact the sector.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow CEO discusses why the stock is lower despite better-than-expected fourth-quarterServiceNow CEO Bill McDermott joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what investors are misunderstanding about the business and more.
Buy ServiceNow as the IT company outperforms peers, according to Bank of America. Analyst Brad Sills maintained a buy rating on ServiceNow, and called it a top pick, following checks with nearly a dozen of the software company's partners that suggested "healthy, sustained demand." ServiceNow shares are up more than 7% this year, after falling roughly 40% the year prior. ServiceNow CEO Bill McDermott made positive comments Wednesday on CNBC, saying there's "not a chance" for a recession in IT spending. Meanwhile, the analyst said he expects ServiceNow will lead the digital transformation for back office workflow automation, as it grows in the next several years.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot a chance of a recession for IT spending this year, says ServiceNow's Bill McDermottCNBC's Sara Eison talks with ServiceNow CEO Bill McDermott about spending in the IT sector and why he says his company is hiring right now.
The Covid years led many organizations to finally understand just how important digital transformation was to their business future. But now, there's a rebalancing taking place in the advertising business, with firms merging the best of digital with the physical world of customer relationships that remains critical. But use of technology and greater emphasis on digital marketing has led firms like ServiceNow to find new and better ways to reach customers through a journey, so to speak. AI in advertisingAs digital immerses the world of marketing, it can be applied to physical events and that's something ServiceNow learned firsthand through a series of conferences it hosts. Look outside ad industryPark advises companies to look beyond his experience, or any advertising-specific case study, for new ideas.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPoint solutions and on-premise software will not cut it in today's environment, says ServiceNow CEOBill McDermott, ServiceNow CEO, joins 'TechCheck' to discuss the mixed signals about enterprise demand, how much work companies have to do with a customer to get the sales cycle compressed and more.
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