ServiceNow Reports Strong Q3 Results

Investing.com — ServiceNow lifted its full-year guidance after reporting Wednesday third-quarter results that beat Wall Street estimates.

ServiceNow Inc (NYSE: NOW) was down about 0.7% in after-hours trading.

Q3 Financial Results

• Adjusted Earnings Per Share: $3.72
• Revenue: $2.79 billion
• Wall Street Estimates: EPS $3.45, Revenue $2.75 billion

Current Performance

• Current Remaining Performance Obligations (cPRO):
  Climbing by 16% to $9.36 billion, a gauge of booked revenue over the next 12 months.

Q4 Forecast

• Subscription Revenue Forecast: $2.875 billion to $2.880 billion
• cPRO Growth Expectation: 21.5% from a year earlier
• Analysts' Expectation for Q4 Revenue: $2.94 billion

Full-Year Guidance

• Revenue Forecast: $10.655 billion to $10.660 billion
• Previous Forecast: $10.575 billion to $10.585 billion