ServiceNow CEO on earnings, 2020 guidance, coronavirus business impact
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ServiceNow CEO Bill McDermott joins "Squawk on the Street" to discuss the company's first-quarter earnings results, what he expects from the second quarter and how Covid-19 will change how businesses operate. The cloud computing company’s stock shot up 8% in extended trading after ServiceNow issued its first-quarter financial results. The company reported earnings of $1.05 per share excluding some items on revenue of $1.05 billion, while analysts anticipated earnings of 95 cents per share on revenue of $1.02 billion, according to Refinitiv. ServiceNow also provided second quarter 2020 guidance and updated full‑year 2020 guidance that factors in the expected impact of the coronavirus at a time when many companies are withdrawing their financial outlooks. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2JdMwO7 » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC #CNBC TV