ServiceNow reported Q3 revenue of $4.11 billion, up 20.5% and just above consensus, but adjusted EPS of $1.00 missed the $1.02 estimate. Investors focused on Q4 current remaining performance obligations growth guided to 18.5%, below the 19.8% expected by the Street, even as the company raised full-year subscription revenue guidance and its AI contract target to $1.7 billion. The stock was on track for its largest drop on record despite an expanded OpenAI partnership announced alongside results.
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