Yahoo Finance

ServiceNow was the second enterprise software company to give better-than-expected guidance this week, helping to boost shares of its peers and making the sector appear to be a potential safe port in a stormy market. The company reported better-than-expected first-quarter earnings after the stock market closed on Wednesday. Management’s forecast for subscription revenue was more optimistic than expected, giving investors confidence that the company can weather potential cuts in business spending, or a recession, fueled by President Donald Trump’s tariffs.