earnings
confidence high
sentiment positive
materiality 0.75
ServiceNow Q3 subscription revenue up 31% to $1.43B; appoints new Principal Accounting Officer
ServiceNow, Inc.
2021-Q3 EPS reported
$1.00
revenue$4,282,000,000
- Subscription revenues $1,427M (+31% YoY); cRPO $5.0B (+32% YoY).
- GAAP net income $63M ($0.31 diluted); non-GAAP net income $314M ($1.55 diluted).
- GAAP operating margin 5%; non-GAAP operating margin 26%; free cash flow $228M.
- Appointed Kevin McBride as Principal Accounting Officer effective Nov 1 (ex-Intel VP).
- 1,266 customers >$1M ACV (+25% YoY); CFO reaffirmed $15B+ revenue ambition.