LAS VEGAS--( BUSINESS WIRE )-- Knowledge 2023 – ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced that its Board of Directors has authorized the company's first-ever share repurchase program. The new program authorizes the purchase of up to $1.5 billion in shares of common stock. The program's primary objective is managing the impact of dilution from future employee equity grants and employee stock purchase programs. "We are a growth company at heart, and we see a lot of runway ahead to continue investing in innovation to drive strong organic growth in a thoughtful and disciplined manner," said ServiceNow CFO Gina Mastantuono. "Given the current macro environment and our strong cash flow generation, we believe that using a portion of our free cash flow to manage dilution is a strategic use of capital.