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Wednesday, April 29, 2020

-=ServiceNow (NOW) reported earnings on Wed 29 Apr 20 (a/h)

ServiceNow beats by $0.09, beats on revs 

  • Reports Q1 (Mar) earnings of $1.05 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.96; revenues rose 32.6% year/year to $1.05 bln vs the $1.02 bln S&P Capital IQ Consensus.
  • Co sees Q2 subscription revenues $1.008-1.013 bln, up 29-30% yr/yr. 
  • Co sees FY20 subscription revenue of $4.167-4.187 bln, up 28-29%.
  • During the quarter, ServiceNow closed 37 transactions with more than $1 million in net new annual contract value (ACV), representing 48% year-over-year growth. Deals included the company's second-largest new customer transaction ever, as well as the Asia Pacific region's largest customer service management deal ever. The company now has 933 total customers with more than $1 million in ACV, representing 30% year-over-year growth in customers.
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