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ServiceNow (NOW) Stock Climbs as Q2 Results Top Expectations

NEW YORK (TheStreet) -- Shares of ServiceNow (NOW) are rising 3.54% to $75.56 on heavy trading volume early Thursday afternoon after the company reported better-than-anticipated results for the 2016 second quarter.

After yesterday's closing bell, the Santa Clara, CA-based provider of cloud-based solutions posted adjusted earnings of 15 cents per diluted share, above analysts' estimates of 10 cents per share.

Revenue jumped 38% to $341.31 million from last year, exceeding analysts' projections of $333.96 million.

During the period, billings rose 33% to...