earnings
confidence high
sentiment positive
materiality 0.85
ServiceNow Q1 subscription rev $2.523B (+25% YoY); raises 2024 guidance
ServiceNow, Inc.
2024-Q1 EPS reported
$1.67
revenue$2,603,000,000
- Subscription revenues $2,523M (+25% YoY, +24.5% constant currency); total revenues $2,603M (+24% YoY).
- cRPO $8.45B (+21% YoY); 8 deals over $5M net new ACV (up 100% YoY).
- Raised midpoint of FY 2024 subscription revenue guidance; GenAI offerings fastest selling in company history.
- 1,933 customers with >$1M ACV (+15% YoY).
- Repurchased 225,000 shares for $175M; $787M remaining under buyback program.