=ServiceNow (NOW) reported earnings on Wed 25 Oct 2017 (a/h)

ServiceNow, Inc. is a cloud computing company.

• Headquarters: Santa Clara, CA
• Founded: 2004
• servicenow.com

ServiceNow beats by $0.06, beats on revs; guides Q4 revs above consensus

• Reports Q3 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.32; revenues rose 39.3% year/year to $498.2 mln vs the $491.62 mln Capital IQ Consensus.
  • Total billings of $546.1 million, representing 35% year-over-year growth
  • Subscription revenues of $449.5 million, representing 41% year-over-year growth adjusted for constant currency. Professional services and other revenues of $41.9 million, representing 8% year-over-year growth adjusted for constant currency.
• Co issues upside guidance for Q4, sees Q4 revs of $531-536 mln vs. $528.51 mln Capital IQ Consensus Estimate.
  • Q4 Non-GAAP total billings between $694 and $699 million, representing 30% to 31% year-over-year growth
  • Q4 Non-GAAP operating margin of 17%.
• FY17
  • Non-GAAP subscription gross margin of 85%.
  • Non-GAAP professional services and other gross margin of 16%.
  • Non-GAAP total gross margin of 78%.
  • Non-GAAP operating margin of 16%.
  • Non-GAAP free cash flow margin of 25%.