Enterprise software maker ServiceNow (NOW) - Get Report  was down 3.6% to $286.49 in trading Thursday despite the company's earnings beat as subscription revenue guidance for the full year was weak. 

The company reported a 49% increase in adjusted earnings to 71 cents per share while revenue increased 32% year over year to $833.9 million. Analysts were expecting the company to report earnings of 63 cents per share on revenue of $832.4 million. 

"We delivered another strong quarter, continuing our focus on driving customer success and enabling digital transformation as a strategic partner to the world's largest enterprises," said CEO John Donahoe. "Technology should make life at work as simple, easy and convenient as it has made our lives at home. That's what we're enabling with our customers through the power of our Now Platform, product portfolio and native mobile capabilities."

The company said it expects adjusted subscription revenue for the year to range between $3.29 billion and $3.3 billion, ahead of analysts' expectations for $3.25 billion. 

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