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Will ServiceNow (NOW) Stock Gain on Q3 Beat, Guidance?

NEW YORK (TheStreet) -- ServiceNow (NOW) posted better-than-expected results for the 2016 third quarter and gave a positive revenue forecast after Wednesday's closing bell.

The Santa Clara, CA-based cloud software solutions company reported adjusted earnings of 23 cents per diluted share, surpassing analysts' projections of 21 cents per share.

Revenue rose 37% to $357.7 million year-over-year and topped Wall Street's estimates of $353.0 million.

Billings climbed 41% to $404.3 million from last year, while subscription billings jumped 47% to...