ServiceNow has built some "prudence" into its earnings guidance due to the ongoing US government shutdown.

The tech vendor, which provides a service layer and AI agents on top of business applications, posted $3.4 billion in revenue for calendar Q3, up 22 percent year-on-year. Operating margin was 33.5 percent, three percentage points higher than the company's expectations.

Subscription revenue – the bulk of the SaaS player's income – outstripped analyst forecasts. ServiceNow increased its overall guidance for the full year.

But as well as the seemingly good news for investors, CFO Gina Mastantuono added a note of caution about the effects of the federal government shutdown on ServiceNow. Speaking on an analyst call, she said demand from federal agencies was strong and growing, however,

See Full Page