ServiceNow racks up first $2 billion quarter: ‘We have hit a new gear,’ CEO says

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ServiceNow Inc.’s stock slipped in extended trading Wednesday after the software company reported its first $2 billion quarter and raised its full-year guidance for subscription sales.

“We’re the fastest enterprise software company to reach that milestone,” ServiceNow Chief Executive Bill McDermott said in an interview Wednesday. “We are the platform for end-to-end digital transformation. We have hit a new gear.”

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