BTIG Continues to be Buyers of ServiceNow (NOW) Following Q1 Report; Boosts PT to $85

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Go back to BTIG Continues to be Buyers of ServiceNow (NOW) Following Q1 Report; Boosts PT to $85

ServiceNow Reports Financial Results for First Quarter 2016

April 20, 2016 4:00 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- ServiceNow (NYSE: NOW), the enterprise cloud company, today announced the financial results for its first quarter 2016.

First Quarter 2016 Results:

Total revenues of $305.9 million, an increase of 44% year-over-year. GAAP net loss of $333.3 million, or loss of $2.06 per basic and diluted share, compared to a GAAP net loss of $58.1 million, or loss of $0.38 per basic and diluted share, in the first quarter of 2015. Non-GAAP net income of $14.5 million, or income of $0.09 per... More