earnings
confidence high
sentiment positive
materiality 0.80
ServiceNow Q2 subscription revenues up 25% YoY to $1,658M; cRPO $5.75B (+21%)
ServiceNow, Inc.
2022-Q2 EPS reported
$0.47
revenue$3,474,000,000
- Subscription revenues $1,658M, +25% YoY (29.5% constant currency); total revenues $1,752M (+24%).
- Non-GAAP subscription gross margin 86%; operating margin 23%; net income $329M, diluted EPS $1.62.
- cRPO $5.75B (+21% YoY, +27% cc); RPO $11.5B. Surpassed 100 >$10M ACV customers (+50% YoY).
- CEO says 'beat expectations'; CFO reaffirms target of $16B+ subscription revenue in 2026.