secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001373715-24-000163
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServiceNow Q1 subscription rev $2.523B (+25% YoY); raises 2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000163/0001373715-24-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000163/now-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001373715-24-000163

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