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Is ServiceNow Stock a Buy Now?

TheMotleyFool

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ServiceNow's (NYSE: NOW) stock price jumped 9% on Jan. 27 after the cloud-based enterprise services provider posted its fourth-quarter earnings. On a generally accepted accounting principles (GAAP) basis, its revenue rose 29% year over year to $1.61 billion. Its net income increased 53% to $26 million, or $0.13 per share.

On a non-GAAP basis, its revenue grew 30% to $1.63 billion, which beat analysts' expectations by $30 million. Its net income rose 26% to $296 million, or $1.46 per diluted share, and beat estimates by three cents.

ServiceNow's headline numbers looked healthy, but should investors still buy this high-growth cloud stock as rising inflation and higher interest rates spark a rotation toward more conservative investments?

Source Fool.com

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