ServiceNow announces first-ever stock buyback of $1.5 billion

ServiceNow (NYSE:) today announced its first-ever share repurchase program of up to $1.5 billion. The main goal of the program is to manage the impact of dilution from future employee equity grants and employee stock purchase programs.

“This program reflects our conviction in the trajectory of our business and our commitment to driving exceptional shareholder value,” said CFO Gina Mastantuono.