secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001373715-23-000323
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServiceNow Q2 subscription revenues $2.075B (+25% YoY); raises FY 2023 guidance
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- GAAP operating income $117M (5% margin); non-GAAP operating income $544M (25% margin).
- cRPO $7.20B (+25% YoY); total RPO $14.2B (+24% YoY).
- 70 deals over $1M net new ACV (+30% YoY); 45 customers >$20M ACV (+55% YoY).
- Board authorized $1.5B share repurchase program to offset dilution from equity grants.
- Raised FY 2023 subscription revenue growth and operating margin guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371523000323/0001373715-23-000323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371523000323/now-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001373715-23-000323

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