ServiceNow (NOW) Tops Q3 EPS by 17c, Offers Outlook
ServiceNow (NYSE: NOW) reported Q3 EPS of $1.55, $0.17 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.47 billion.
Financial Outlook
Our guidance includes GAAP and non-GAAP financial measures.
The following table summarizes our guidance for the fourth quarter 2021:
| Fourth Quarter 2021 GAAP Guidance |
| Fourth Quarter 2021 | |||
| Amount | Year/Year Growth (%) |
| Amount | Year/Year Growth (%) | |
Subscription revenues | $1,515 - $1,520 | 28% |
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Note: | Includes negative impact of foreign currency of $1 million |
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Subscription billings |
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| $2,305 - $2,310 | 26% | |
Note: | Includes negative impact of foreign currency of $2 million |
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| Includes negative impact of billings duration of $7 million | |||||
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cRPO |
| 27% |
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Note: | Includes negative impact of foreign currency of 150 bps |
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| Margin (%) | |
Income from operations |
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| 22% | |
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| Amount (millions) |
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Weighted-average shares used to compute diluted net income per share |
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| 203 |
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For earnings history and earnings-related data on ServiceNow (NOW) click here.