ServiceNow (NOW) Tops Q3 EPS by 18c, Sub Revenue Rises 31%; Raises Guidance

ServiceNow (NYSE: NOW) reported Q3 EPS of $1.21, $0.18 better than the analyst estimate of $1.03. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.11 billion. Subscription revenues of $1,091 million in Q3 2020, representing 31% year-over-year growth, 29% adjusted for constant currency

“Our outstanding Q3 performance beat expectations across the board and we are raising our full-year guidance,” said ServiceNow CEO Bill McDermott. “COVID is redefining the future of work, accelerating digital transformation and amplifying the need to unify systems, silos, and processes into holistic enterprise workflows. ServiceNow is the platform for digital business. Customers are leveraging the Now Platform to create the workflows that deliver great experiences for heroic veterans, students, knowledge workers, consumers, and so many others worldwide. We are hungry, humble, and passionately committed to making the world of work, work better for people. We have never been more confident.”

GUIDANCE:

Company raises full-year guidance.

For earnings history and earnings-related data on ServiceNow (NOW) click here.

You May Also Be Interested In

• Rexford Industrial Realty (REXR) Reports In-Line Q1 EPS, provides guidance
• Crown Castle (CCI) Tops Q1 EPS by 1c; maintains outlook for FY24
• F.N.B. Corp (FNB) Reports In-Line Q1 EPS