ServiceNow (NOW) Tops Q3 EPS by 11c
ServiceNow (NYSE: NOW) reported Q3 EPS of $1.96, $0.11 better than the analyst estimate of $1.85. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.85 billion.
The following table summarizes our guidance for the full-year 2022:
| Full-Year 2022 GAAP Guidance |
| Full-Year 2022 Non-GAAP Guidance(1) | |
| Amount | Year/Year Growth (%)(2) |
| Constant Currency Year/ Year Growth (%) |
Subscription revenues | $6,865 - $6,870 | 23 % |
| 28.5 % |
|
|
|
|
|
|
|
|
| Margin (%) |
Subscription gross profit |
|
|
| 86 % |
Income from operations |
|
|
| 25 % |
Free cash flow |
|
|
| 29 % |
|
|
|
|
|
|
|
|
| Amount (millions) |
Weighted-average shares used to compute diluted net income per share |
| 203 | ||
(1) | We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of non-GAAP measures, and the table entitled “Reconciliation of Non-GAAP Financial Guidance” for a reconciliation of GAAP to non-GAAP measures. |
(2) | GAAP subscription revenues and related growth rate for the future quarters included in our full-year 2022 guidance are based on the 30-day average of foreign exchange rates for September 2022 for entities reporting in currencies other than U.S. Dollars. |
For earnings history and earnings-related data on ServiceNow (NOW) click here.