SaaS Stocks Fall After ServiceNow Disappoints, Citing Middle East War

SaaS stocks experienced a significant downturn following ServiceNow's disappointing performance, with the company attributing its struggles to the ongoing conflict in the Middle East.

22 Apr, 21:03 — 22 Apr, 21:03

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zerohedgeLow130d ago

SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War

SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War Perhaps indicative of the fragility of the current rebound - as Software stocks have recently ripped higher for 8 straight days - SaaS stocks are all deeply in the red after-hours as ServiceNow - the potential poster-child for AI disruption - cut its margin outlook amid lackluster results, sending shares reeling. At first glance, it was a good print - the provider of business task management software posted first-...

By Tyler Durden

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SaaS Stocks Fall After ServiceNow Disappoints, Citing Middle East War

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SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War

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