secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001373715-22-000329
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371522000329/0001373715-22-000329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371522000329/now-20221023.htm
  HTML page:      https://secwatch.observer/filing/0001373715-22-000329

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer