-=ServiceNow (NOW) reported earnings on Wed 29 Apr 20 (a/h)

ServiceNow beats by $0.09, beats on revs 

Reports Q1 (Mar) earnings of $1.05 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.96; revenues rose 32.6% year/year to $1.05 bln vs the $1.02 bln S&P Capital IQ Consensus.

Co sees Q2 subscription revenues $1.008-1.013 bln, up 29-30% yr/yr. 

Co sees FY20 subscription revenue of $4.167-4.187 bln, up 28-29%.

During the quarter, ServiceNow closed 37 transactions with more than $1 million in net new annual contract value (ACV), representing 48% year-over-year growth. Deals included the company's second-largest new customer transaction ever, as well as the Asia Pacific region's largest customer service management deal ever. The company now has 933 total customers with more than $1 million in ACV, representing 30% year-over-year growth in customers.

Earnings this week : April 27 - May 1, 20 (wk 18)

Monday (April 27)

• Morning: AMG AWI CHKP CMS CNXM CNX DORM LECO EGOV UMC
• Afternoon:  ARE AMKR APY AVT BRO CNI CATY CE CINF CGNX FIX CR FFIV HLIT HSTM HTLF PI IBTX JJSF LRN KDP NOV NXPI OGS OMF PKG PCH PPG PFG QTS SANM SSD STL TCT UHS WSBC

Tuesday (April 28)

• Morning: MMM ABB AB AXE BP CAT CNC CIGI CBSH GLW CMI DHI DTE ECL FCF FBC FELE HOG IQV IRDM MRK MSCI NEO NVS NUE PPBI PEP PFE PII ROK ROP SPGI SC SSTK SIRI LUV TROW TAL TEL TRU TPB UBS UMBF UPS WDR XRX YNDX ZBRA 
• Afternoon: AMD AKAM GOOG A CA APAM AGR BXMT BXP BYD CHRW CERN CYH CSGP DXCM EHC WIRE ENVA EEFT FEYE F HWC THG HELE HIW HOPE IRBT JNPR LSCC MASI MXIM MEDP MRCY MTH MKSI MDLZ MPWR MRC OI OKE PAYC RNST SIMO SBUX SYX TENB TX TRMK UIS WERN WW YUMC 

Wednesday (April 29)

• Morning:  APRN ALKS AMT  ANTM AZN ADP AVY AZZ BANC BKU BDC BA BSX EAT CADE CLS CVE GIB CLH CME CSTM CRTO DIN EPD FSS FDP GRMN GD GE HAS HUM LH LIVN MHO MKTX MAS MA NYCB NSC NOC NVT OSK OC PB ROL RES R SAIA ST SHW SLAB SITE SAH SPOT SUM UTHR VLO YUM
• Afternoon: AEGN AFL AGNC AGI ALGN ADM BHE BMRN BCOV CACI WHD CHDN CMPR CNMD CREE CCI CONE DRE EBAY FB GIL JBT KLIC MXL MSFT PPC PS PRI PTC QCOM RJF RYN SCI NOW TDOC TSLA TTEK RIG TRN TYL UCTT URI HCC

Thursday (April 30)

• Morning: FLWS ABMD AGIO AIMC MO AAL AIT ARW BAX TECH BC CWT CG CRAI CHD CI COLB CMCSA COP COR CFR DAN DOW DNKN ETN FCN GNRC GT HBI HGV HUBB IDXX IMAX IP ICE ICE JHG K KHC LNTH LAZ LKQ MMC MCD MTOR MGPI TAP MCO NLSN NVCR ONDK PH PATK PNR PRGO SNDR SITC SIX SO SPB SWK SYNH TPR TFX TPX TXT TRS TWTR UBSI VLY VC GRA WCC  RDS.A
• Afternoon: TWOU AEM ALEX ATUS AMZN AMGN AAPL ATR AJG ASGN TEAM BAND NTB BL BRKS BLDR COG CDNA CXP COLM CXO OFC CUZ CRY EGP EMN EIX LOCO EBS FTV FTAI FBHS FWRD GLPI GILD HP HTH HUBG LMAT MGM MTX MITK MOH NATI NTUS NCR NPTN OTEX PRAH PVG PTCT PSA RRC RMD SILK STAG SYK TNDM TRUP X V WDC ZEN

Friday (May 1) 

• Morning: ABBV AON APO BCPC CBOE CHTR CVX CLX CL EL XOM HRC HON HUN IMO ITT JCI LYB MMP MINI NWL PSX TRP TKR SLCA WPC WY WSC WETF

Earnings spotlight:

• Keurig Dr Pepper (NYSE:KDP) and F5 Networks (NASDAQ:FFIV) on April 27; 
• UPS (NYSE:UPS), 3M (NYSE:MMM), Alphabet, Southwest Airlines (NYSE:LUV), Ford (NYSE:F), Caterpillar (NYSE:CAT), AMD (NASDAQ:AMD), PepsiCo (NASDAQ:PEP), Starbucks (NASDAQ:SBUX) and Merck (NYSE:MRK) on April 28; 
• Microsoft (MSFT), eBay (NASDAQ:EBAY), Facebook, Yum Brands (NYSE:YUM), Boeing (NYSE:BA), Mastercard (NYSE:MA), General Electric (NYSE:GE) and Tesla (NASDAQ:TSLA) on April 29; 
• Amazon, Apple, Dunkin' Brands (NASDAQ:DNKN), Gilead Sciences (NASDAQ:GILD), Dow (NYSE:DOW), Cigna (NYSE:CI), McDonald's (NYSE:MCD), Altria (NYSE:MO), Twitter (NYSE:TWTR), Kraft Heinz (NASDAQ:KHC) and Visa (NYSE:V) on April 30; 
• Apollo Global Management (NYSE:APO), Chevron (NYSE:CVX), Clorox (NYSE:CLX), Exxon Mobil (NYSE:XOM), Phillips 66 (NYSE:PSX) and AbbVie (NYSE:ABBV) on May 1.

-=ServiceNow (NOW) reported earnings on Wed 23 Oct 19 (a/h)

ServiceNow beats by $0.10, reports revs in-line with yesterday's preannouncement; guides Q4 

Reports Q3 (Sep) earnings of $0.99 per share, excluding non-recurring items, $0.10 better than the S&P Capital IQ Consensus of $0.89; revenues rose 31.6% year/year to $885.8 mln vs the $885.53 mln S&P Capital IQ Consensus. 

Subscription revenues of $835 million (in-line with yesterday's preannouncment) vs. $830-835 mln guidance, representing 33% year-over-year growth, 35% adjusted for foreign currency exchange rates 46 transactions over $1 million in net new annual contract value in Q3 2019, representing 84% year-over-year growth 809 total customers with over $1 million in annual contract value, representing 32% year-over-year growth.

Sees Q4 sub rev $884-889 mln; sub billings $1.249-1.254 bln.

=ServiceNow (NOW) : President and CEO John Donahoe departs to be appointed as CEO of Nike (NKE)

NIKE announces CEO succession plan; John Donahoe to be appointed as CEO, effective January 13, 2020

• At the same time, Mark Parker, CEO since 2006 and Chairman, President & CEO since 2016, will become Executive Chairman and continue to lead the Board of Directors and work closely with Mr. Donahoe and the senior management team.
• Parker took over as CEO from founder Phil Knight in 2006.
• Mr. Donahoe is the current President and CEO of ServiceNow (NOW) and also serves on its Board of Directors. Donahoe was formerly the CEO of eBay and is chairman of the board at PayPal (PYPL).
• At the end of September, Nike's head running coach, Alberto Salazar, was banned amid doping allegations, which reportedly included ties back to Parker. The New York Times reviewed emails from the U.S. Anti-Doping Agency that showed Parker had been briefed on Salazar's various experiments to use testosterone cream for track-and-field athletes.
• Bill McDermott stepped down from the CEO role at SAP SE SAP less than two weeks ago.

-----------

ServiceNow appoints Bill McDermott as CEO, succeeding John Donahoe, who is stepping down to become CEO of Nike (NKE) in January; provides preliminary Q3 results and FY19 financial outlook

Mr. McDermott served as CEO of SAP (SAP) from 2014 until this month. He is joining ServiceNow following his transition from that role. To ensure a smooth transition, Mr. Donahoe will remain ServiceNow's CEO through the transition period and will retain his seat on the company's Board of Directors for the remainder of his current term, ending in June 2020.

In connection with today's announcement, ServiceNow is providing preliminary third quarter 2019 financial results, as well as updated guidance for its full year 2019 financial outlook. The guidance ServiceNow provided on its second quarter earnings call on July 24, 2019 was based on foreign currency exchange (FX) rates as of June 30, 2019. These rates subsequently experienced declines. The company's full-year guidance issued today is based on FX rates as of September 30.

• For the third quarter 2019, subscription revenues were $835 mln (GAAP), representing 35% yr/yr growth, adjusted for FX. Subscription billings for the third quarter were $864 mln, representing 29% yr/yr growth, adjusted for FX and duration.
• For full year 2019 guidance, ServiceNow is carrying forward the $9 mln in subscription revenues and $10 mln in subscription billings that, excluding the impacts of FX and duration, exceeded the company's previous mid-point guidance for the third quarter.
• For the full year 2019, ServiceNow expects subscription revenues between $3.240 bln and $3.245 bln (GAAP), representing 36-37% yr/yr growth, and subscription billings between $3.740 bln and $3.745 bln, representing 32-33% yr/yr growth, adjusted for FX.
• ServiceNow is maintaining its full year 2019 margin guidance as follows: subscription gross margins of 86%, operating margin of 21%, and free cash flow margin of 28%.

=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%.