US Stock Market Move | Q1 performance exceeds expectations, ServiceNow(NOW.US) rises by 12%.

On Thursday, ServiceNow (NOW.US) surged 12% to $912.53. On the news front, the company reported first-quarter revenue of $3.09 billion, above market expectations of $3.08 billion. Adjusted earnings per share were $4.04, also exceeding analysts' forecast of $3.84. Revenue increased by 18.5% year-on-year, with subscription revenue growing by 19%. These figures indicate that ServiceNow's ability to enhance enterprise IT operations automation has been widely recognized by the market.