secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001373715-24-000269
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000269/0001373715-24-000269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000269/now-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001373715-24-000269

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