Technology earnings on Wednesday were solid with ServiceNow, Western Digital and Netgear all reporting.
Here's the rundown.
ServiceNow, makers of a cloud automation platform used for IT service and other functions, reported a third quarter net loss of 36.3 million, or 22 cents a share, on revenue of $357.7 million, up 37 percent from a year ago.
Non-GAAP earnings for the third quarter were 24 cents a share. Wall Street was looking for non-GAAP earnings of 21 cents a share on revenue of $352.2 million.
ServiceNow CFO Michael Scarpelli said the company's subscription billings were $363 million and grew 47 percent year-over-year.
For the fourth quarter, ServiceNow expects total revenues between $376 million and $381 million, which is in line with analyst estimates. For the year, ServiceNow expects about $1.38 billion.
ServiceNow's shares jumped nearly five percent in late trading.
Western Digital's fiscal first quarter sales exceeded expectations thanks to the rebounding PC market and demand for its hard drive and flash-based products.