ServiceNow Q2 sub rev $2.54B (+23% YoY), raises FY guidance; COO Desai resigns

ServiceNow, Inc.

Subscription revenues $2,542M, up 23% YoY; total revenues $2,627M, up 22% YoY.
cRPO $8.78B (+22% YoY); RPO $18.6B (+31%); 88 deals >$1M net new ACV, up 26%.
FY 2024 subscription revenue and operating margin guidance raised after Q2 beat.
President & COO CJ Desai resigns effective immediately due to compliance investigation over hiring of U.S. Army CIO.
Chris Bedi appointed Interim Chief Product Officer; DOJ investigating the matter.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Chris Bedi

Interim Chief Product Officer

NOW · ServiceNow, Inc.

Effective: 2024-07-24
Filed: July 24, 2024, 7:59 PM ET

The Company has appointed Chris Bedi as Interim Chief Product Officer, effective immediately.

Departed

CJ Desai

President and Chief Operating Officer

NOW · ServiceNow, Inc.

Effective: 2024-07-24
Filed: July 24, 2024, 7:59 PM ET

On July 24, 2024, the Company and its President and Chief Operating Officer, Chirantan “CJ” Desai, came to a mutual agreement that Mr. Desai would resign from all positions with the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Bedi was appointed as Interim Chief Product Officer at ServiceNow, Inc..

Action: appointed
Role: Interim Chief Product Officer

Exact text from the filing

The Company has appointed Chris Bedi as Interim Chief Product Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

CJ Desai resigned as President and Chief Operating Officer at ServiceNow, Inc..

Action: resigned
Role: President and Chief Operating Officer

Exact text from the filing

On July 24, 2024, the Company and its President and Chief Operating Officer, Chirantan “CJ” Desai, came to a mutual agreement that Mr. Desai would resign from all positions with the Company, effective immediately.

View on SEC.gov

ServiceNow, Inc. filing history →

Source: SEC EDGAR

accession 0001373715-24-000269

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