ServiceNow CEO on earnings, 2020 guidance, coronavirus business impact

ServiceNow CEO Bill McDermott joins "Squawk on the Street" to discuss the company's first-quarter earnings results, what he expects from the second quarter and how Covid-19 will change how businesses operate.

The cloud computing company’s stock shot up 8% in extended trading after ServiceNow issued its first-quarter financial results. The company reported earnings of $1.05 per share excluding some items on revenue of $1.05 billion, while analysts anticipated earnings of 95 cents per share on revenue of $1.02 billion, according to Refinitiv. ServiceNow also provided second quarter 2020 guidance and updated full‑year 2020 guidance that factors in the expected impact of the coronavirus at a time when many companies are withdrawing their financial outlooks.

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