earnings
confidence high
sentiment positive
materiality 0.85
ServiceNow Q4 subscription rev $2.365B (+27% YoY); raises FY2024 outlook
ServiceNow, Inc.
2023-FY EPS reported
$8.42
revenue$8,971,000,000
- Subscription revenues $2.365B in Q4, up 27% YoY (25.5% CC); total rev $2.437B, up 26%.
- cRPO $8.60B, +24% YoY; 168 deals >$1M net new ACV, up 33% YoY.
- 99% renewal rate; 1,897 customers >$1M ACV (+15% YoY).
- Raised 2024 subscription revenue and operating margin guidance.
- Repurchased 400k shares for $256M; $962M remaining in buyback program.