ServiceNow beats Q3 guidance; subscription revenue $2.22B (+27% YoY); raises FY23 outlook

ServiceNow, Inc.

2023-Q3 EPS reported $7.00 revenue$6,534,000,000

Subscription revenues $2,216M (+27% YoY, +24.5% cc); total revenue $2,288M (+25% YoY).
cRPO $7.43B (+27% YoY, +24% cc); 49 customers >$20M ACV (+58% YoY).
Raised 2023 subscription revenue growth guidance to ~27% (from ~25.5%) and operating margin to 28.5% (from ~27.5%).
Repurchased 500k shares for $282M; $1.2B remaining under buyback program.
Launched Vancouver platform with embedded generative AI; Now Assist and Now LLM released.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

ServiceNow, Inc. reported third quarter ended September 30, 2023 results: revenue $2,288 million. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $2,288 million
Guidance: raised
Result: reported results

Exact text from the filing

and operating margin guidance • Subscription revenues of $2,216 million in Q3 2023, representing 27% year-over-year growth, 24.5% in constant currency • Total revenues of $2,288 million in Q3 2023, representing 25% year-over-year growth, 22.5% in constant currency • Current remaining performance obligations of $7.43 billion as of Q3 2023, representing 27%

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ServiceNow, Inc. filing history →

Source: SEC EDGAR

accession 0001373715-23-000417

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