ServiceNow Inc NOW shares are trading lower Wednesday after the software company reported fourth-quarter financial results. What Happened: ServiceNow said fourth-quarter revenue jumped 20% year-over-year to $1.94 billion, in line with average analyst estimates, according to Benzinga Pro. Subscription revenues came in at $1.86 billion, representing 22% growth year-over-year. The company said it saw a spike in new business during the fourth quarter. ServiceNow reported fourth-quarter earnings of $2.28 per share, which topped consensus estimates of $2.02 per share. The company noted that its quarterly results were generated with a lower mix of early renewals from 2023, providing more opportunities to drive further expansion throughout the year. "ServiceNow continues to perform as a beyond expectations company.