SANTA CLARA, Calif. (AP) _ ServiceNow Inc. (NOW) on Wednesday reported first-quarter earnings of $82 million.

The Santa Clara, California-based company said it had net income of 41 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.

The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The maker of software that automates companies' technology operations posted revenue of $1.36 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $1.34 billion.

ServiceNow shares have increased 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $557.24, an increase of 88% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOW at https://www.zacks.com/ap/NOW

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News