ServiceNow Q3: sub rev $1.74B (+22% YoY), cRPO $5.87B; CEO becomes Chairman

ServiceNow, Inc.

2022-Q3 EPS reported $0.86 revenue$5,305,000,000

Subscription revenues $1,742M (+22% YoY, +28.5% constant currency); total revenues $1,831M (+21% YoY).
GAAP net income $80M ($0.39 EPS); non-GAAP net income $398M ($1.96 diluted EPS). Operating cash $265M, free cash $103M.
Current RPO $5.87B (+18% YoY, +25% constant currency); customers over $10M ACV grew 60% YoY.
CEO Bill McDermott appointed Chairman; founder Fred Luddy steps back as Chair but remains on Board. Director Sukumar Rathnam resigns effective Dec 1.
Acquired Era Software (observability) during Q3 to augment Lightstep.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Sukumar Rathnam

Director

NOW · ServiceNow, Inc.

Effective: 2022-12-01
Filed: October 26, 2022, 7:59 PM ET

On October 23, 2022, Sukumar Rathnam informed ServiceNow, Inc. of his resignation from the Board of Directors (the "Board"), effective as of December 1, 2022.

Role change

Frederic B. Luddy

Chairman of the Board

NOW · ServiceNow, Inc.

Successor: William R. McDermott
Filed: October 26, 2022, 7:59 PM ET

On October 25, 2022, Frederic B. Luddy expressed his intention to step back from his position as Chairman of the Board. Mr. Luddy will continue to serve as a member of the Board.

Role change

William R. McDermott

Chairman and Chief Executive Officer

NOW · ServiceNow, Inc.

Filed: October 26, 2022, 7:59 PM ET

The Board determined to combine the positions of Chairman and CEO with William R. McDermott

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sukumar Rathnam resigned as Director at ServiceNow, Inc..

Action: resigned
Role: Director

Exact text from the filing

On October 23, 2022, Sukumar Rathnam informed ServiceNow, Inc. of his resignation from the Board of Directors (the "Board"), effective as of December 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Frederic B. Luddy changed role as Chairman of the Board at ServiceNow, Inc..

Action: stepped back
Role: Chairman of the Board

Exact text from the filing

On October 25, 2022, Frederic B. Luddy expressed his intention to step back from his position as Chairman of the Board. Mr. Luddy will continue to serve as a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William R. McDermott was appointed as Chairman and Chief Executive Officer at ServiceNow, Inc..

Action: appointed
Role: Chairman and Chief Executive Officer

Exact text from the filing

The Board determined to combine the positions of Chairman and CEO with William R. McDermott

View on SEC.gov

ServiceNow, Inc. filing history →

Source: SEC EDGAR

accession 0001373715-22-000329

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