Shares of enterprise IT service provider ServiceNow (NOW) - Get Report were rising sharply Thursday after the company reported third-quarter results that were ahead of expectations, the same week it named Bill McDermott as CEO.
The company reported earnings of $1.03 a share on revenue of $885.8 million, a 32% year-over-year increase. Analysts were expecting the company to report earnings of 99 cents a share on revenue of $886 million.
"We delivered another strong quarter, continuing our focus on driving customer success and expanding our footprint across 75% of the Fortune 500," said current CEO John Donahoe. "We are pleased that companies are turning to ServiceNow to be their strategic partner for digital transformation when they want to unlock productivity and create leverage with their technology investments."
In an interview with Bloomberg, McDermott said he wants to build a global juggernaut with ServiceNow.
"The company is on a roll. I'm going to fortify that and continue that. The experience of what I know and I've seen will be incredibly helpful to ServiceNow. This company will be a global juggernaut," McDermott said.
ServiceNow shares were rising 8.3% to $237.75.
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