Servicenow, Inc. (NOW) Tops Q1 EPS by 2c, Offers Q2, FY15 Guidance
Get Alerts NOW Hot Sheet
Join SI Premium – FREE
(Updated - April 16, 2015 4:09 PM EDT)
Servicenow, Inc. (NYSE: NOW) reported Q1 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $212 million versus the consensus estimate of $210.86 million. Billings were $268 million, increasing 48% year-over-year and 59% in constant currence.
Servicenow, Inc. sees Q2 revenue of $237-242 million, versus the consensus of $241.96 million.
- "Our total second quarter revenue estimate consists of subscription revenues between $192 and $196 million and professional services and other revenues between $45 and $46 million.
- Billings between $260 and $265 million, representing year-over-year growth between 38% and 41%.
- Subscription gross margin of approximately 80%, professional services and other gross margin, excluding Knowledge15 revenue, of approximately 15%, and overall gross margin of approximately 70%.
- Operating loss of approximately $5 million, including net expense of $12 million related to Knowledge15.
- Free cash flow of approximately $40 million
For the full year 2015, we expect total revenues to be in the range of $970 million to $1 billion, representing year-over-year growth between 42% and 47%.
(Street sees FY15 revenue of $990.25 million.)
- Our total annual revenue estimate consists of subscription revenues between $820 and $840 million and professional services and other revenues between $150 and $160 million."
For earnings history and earnings-related data on Servicenow, Inc. (NOW) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- GATX Corp. (GATX) Tops Q1 EPS by 25c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot Earnings, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!