ServiceNow flags Middle East deal delays, shares crash

By Jaspreet Singh April 22 (Reuters) - ServiceNow (NOW) reported on Wednesday that delays in closing several large government deals in the Middle East hurt first-quarter subscription revenue ‌growth, sending its shares down 12% in extended trading. The company said its ‌subscription revenue growth faced about a 75-basis-point headwind from delayed closures of several large on-premises deals in the ​region due to the ongoing conflict. Chief Operating Officer Amit Zavery told Reuters that those deals are ...

ServiceNow flags Middle East deal delays, shares crash - Reportify