Why ServiceNow’s stock is sliding in the wake of earnings

servicenow's stock slid after earnings, even though the company beat expectations. investors seemed focused on the company's margin forecast for the coming year. the software firm reported adjusted earnings of $3.36 per share on revenue of $2.93 billion, both topping estimates. subscription revenue grew 25% year-over-year. however, the company's forecast for its full-year subscription gross margin came in at 85%, which some analysts flagged as a potential point of concern.