earnings
confidence high
sentiment positive
materiality 0.85
ServiceNow Q1 subscription revs $1.63B (+26% YoY); raises FY2022 guidance mid-point
ServiceNow, Inc.
2022-Q1 EPS reported
$0.37
revenue$1,722,000,000
- GAAP EPS $0.37 diluted; non-GAAP EPS $1.73 diluted; total revs $1.722B (+27% YoY).
- cRPO $5.69B (+29% YoY); 52 deals over $1M net new ACV (+41% YoY).
- Raised mid-point of 2022 subscription revenues guidance; expects constant-currency growth acceleration.
- Subscription gross margin 83% GAAP, 86% non-GAAP; operating income $87M GAAP, $437M non-GAAP.
- Free cash flow $770M (45% of revs); cash from operations $863M.