Technologies

ServiceNow Shares Plunge 14% Amid Subscription Revenue Pressure from Middle East Conflict

ServiceNow shares dropped 14% despite beating earnings estimates, as the Middle East conflict delayed key deals and pressured subscription growth. The company raised its fiscal 2026 revenue forecast and announced a major cybersecurity acquisition.

ServiceNow delivered first-quarter earnings on Wednesday that slightly surpassed Wall Street’s expectations, as the software firm noted that the ongoing Middle East conflict negatively impacted its subscription revenue.

Here’s how the company performed versus LSEG estimates:
— Earnings per share: 97 cents adjusted vs. 96 cents expected
— Revenue: $3.77 billion vs. $3.74 billion expected
Revenue for the quarter grew 22% year over year. The company reported $469 million in net income, or 45 cents per share, a slight increase from $460 million, or 44 cents per share, a year ago.

The company said in its release that subscription revenue growth during the quarter «saw an approximately 75 basis point headwind from delayed closings of several large on-premise deals in the Middle East, due to the ongoing conflict in the region.»

The company reported quarterly subscription revenues of $3.67 billion, slightly above the $3.65 billion expected by FactSet.

ServiceNow increased its forecast of fiscal 2026 subscription revenues to fall between $15.74 billion and $15.78 billion, up from the forecast it made last quarter of $15.53 billion to $15.57 billion.

«Our full-year guidance reflects a prudent assessment right now of the geopolitical environment,» CFO Gina Mastantuono told Verum. «I definitely took a little bit of incremental conservatism because of the ongoing conflict in the Middle East and its potential impact on deal timing.»

In the first quarter, ServiceNow repurchased about 20 million shares, more than double the amount purchased in all of 2025. On its last earnings call, the company announced board approval for an additional $5 billion in share buybacks.

The Santa Clara, California-based company reported $12.64 billion in current remaining performance obligations for the quarter, beating estimates of $12.56 billion. It reported 16 transactions over $5 million in new annual contract value in the first quarter, an increase of almost 80% year over year.

ServiceNow has been in a spending spree as it tries to position itself as an «AI control tower.» The stock has had a rough start to 2026, down about 30% year to date.

Mastantuono told Verum that the company’s AI product portfolio has continued to outperform and is on track to exceed the company’s $1 billion target for 2026.

The company also announced it was expanding its deal with Google Cloud.

Earlier this week, ServiceNow completed its $7.75 billion acquisition of cybersecurity startup Armis, which was expected to close in the second half of the year.

Technologies

The Fourth Episode of the VERUM AI Mini-Series Is Out

Verum Messenger has released the fourth episode of its AI mini-series SHADOWS, created using Verum AI. The new episode, titled “No Borders,” continues the story of a team trying to stay out of the OMEGA corporation’s sight.

Following the events of the previous episodes, the team moves between cities and countries while OMEGA continues its search. The new episode puts particular emphasis on Verum Messenger’s capabilities that allow users to conceal their location.

“No Borders” is another chapter in a story about privacy, freedom of communication, and technologies that erase borders between people.

The VERUM AI mini-series consists of seven episodes, released gradually across Verum Messenger’s social media channels.

Episode 4 is now available. Stay tuned for the next chapter.

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Technologies

Verum Messenger Introduces Built-In Verum Chess

Verum Messenger has released a new update for iOS, iPadOS, and macOS, adding another feature to its growing ecosystem — Verum Chess. Users can now play chess directly inside the messenger without switching between different applications.

The new feature allows users to start a game in just a few taps while reinforcing Verum’s vision of a unified digital environment where communication and everyday services come together in a single platform.

Verum Messenger continues to evolve into a multifunctional ecosystem that combines secure chats and calls, AI tools, a built-in VPN, anonymous email, eSIM, financial services, cryptocurrency features, and offline communication. With the introduction of Verum Chess, the platform now also offers a new way for users to interact and spend time together without leaving the app.

The update is now available for iPhone, iPad, and Mac on the App Store.

Technologies

Episode 3 of the VERUM AI Mini-Series Is Now Available

Verum Messenger has released the third episode of its AI mini-series, SHADOWS, created using Verum AI.

The new episode, titled «Ghost Money,» continues the story of the conflict between a team of heroes and the Omega corporation, which seeks to take control of digital communications. This time, the focus shifts to anonymous payments and financial freedom, revealing how privacy can extend beyond messaging.

Like the previous episodes, the new release not only advances the storyline but also showcases the capabilities of the Verum ecosystem, highlighting technologies designed for secure communication and digital privacy.

The mini-series consists of seven episodes, released gradually across Verum Messenger’s social media channels.

Episode 3 is now available. Stay tuned for the next chapter.

Watch on Instagram
Watch on YouTube