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Top related persons:
Gina Mastantuono - 1 Zaheer Kachwala - 1 Shailesh - 1
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Bengaluru
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Enterprises - 1 Nvidia - 1 Accenture - 1 Subscription - 1 Thomson - 1

Search resuls for: "Gina Mastantuono"


2 mentions found


☆ ServiceNow raises annual forecast, beats profit estimates on AI strength
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +1 min
Oct 25 (Reuters) - ServiceNow (NOW.N) raised its annual subscription revenue forecast on Wednesday, after beating third-quarter profit estimates helped by strong demand for the company's automation and artificial intelligence (AI) services. Enterprises have been dialing up spending on generative AI products and workflow automation, attempting to gain a foothold in the nascent AI market, benefiting companies like ServiceNow. "With the capabilities unlocked by generative AI, the window of opportunity is even more expansive, positioning us well to continue delivering a strong balance of growth and profitability," said ServiceNow CFO Gina Mastantuono. ServiceNow, which has tie-ups with companies like Nvidia (NVDA.O) and Accenture , reported quarterly revenue of $2.29 billion, above analysts' estimates of $2.27 billion. Subscription revenue came in at $2.22 billion, compared with estimates of $2.19 billion.
Persons: Gina Mastantuono, Zaheer Kachwala, Shailesh Organizations: Enterprises, Nvidia, Accenture, Subscription, Thomson Locations: Bengaluru
☆ Companies Strengthen Collections, Aim to Get Cash in the Door as Threat of Downturn Looms
  + stars: | 2022-12-21 | by ( Kristin Broughton | ) www.wsj.com   time to read: +6 min
Companies are stepping up efforts to collect on their bills and get cash in the door, aiming to limit future write-offs ahead of a potential downturn. The company’s days of sales outstanding during the latest quarter declined to 67.3 days from 70.4 days during the prior period, according to S&P. Early in the pandemic, some companies extended payment terms to customers that needed funds to shore up liquidity to help navigate temporary lockdown measures. Everbridge said it aims to provide customers with payment terms that are mutually beneficial. ServiceNow’s days of sales outstanding during the third quarter fell to 44 days from 47.4 days a year earlier, according to S&P.
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