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ServiceNow leads earnings parade as Citrix names new CEO

ServiceNow's third quarter earnings were better than expected. Citrix, CA and Polycom also report.

ServiceNow's third quarter topped expectations as the company continued to grow revenue at a healthy clip.

The company, which provides a cloud automation platform used for IT service as well as other functions, reported a net loss of $41 million, or 26 cents a share, on revenue of $261.2 million, up 46 percent from a year ago.

Non-GAAP earnings for the third quarter were 15 cents a share. Wall Street was looking for non-GAAP earnings of 8 cents a share on revenue of $256.2 million.

ServiceNow also raised its outlook and said it expects revenue of about $1 billion for 2015, up 47 percent from 2014. For the fourth quarter, ServiceNow said revenue will be between $277 million and $282 million.

Among other key technology reports:

Citrix said that Robert Calderoni will be its interim president and CEO effective immediately. Mark Templeton, current CEO, will be an advisor through end of the year. Citrix will look for a CEO.

As for earnings, Citrix reported third quarter net income of $56 million, or 35 cents a share, on revenue of $813 million, up 7 percent from a year ago. Non-GAAP earnings for the third quarter was $1.04 a share. Wall Street was looking for third quarter earnings of $1 a share on $796.8 billion.

Citrix said its 2015 revenue will be between $3.24 billion to $3.25 billion with non-GAAP earnings of $3.85 to $3.90.

CA Technologies reported fiscal second quarter earnings of $172 million, or 39 cents a share, on revenue of $1 billion, down 7 percent from a year ago. Non-GAAP earnings were 56 cents a share. The results were in line with expectations.

Polycom reported third quarter earnings of $14 million, or 10 cents a share, on revenue of $303 million. Non-GAAP earnings were 21 cents a share. Earnings were in line with estimates, but revenue fell short of Wall Street's $310 million target.