ServiceNow: Q1 Earnings Snapshot

SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — ServiceNow Inc. (NOW) on Wednesday reported first-quarter profit of $347 million.

The Santa Clara, California-based company said it had profit of $1.67 per share. Earnings, adjusted for one-time gains and costs, came to $3.41 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.15 per share.

The maker of software that automates companies' technology operations posted revenue of $2.6 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $2.59 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOW at https://www.zacks.com/ap/NOW