ServiceNow (NOW) Tops Q2 EPS by 5c, Offers Q3 & FY Guidance

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ServiceNow Reports Financial Results for Second Quarter 2016

July 27, 2016 4:01 PM EDT

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

Second Quarter 2016 Results:

Total revenues of $341.3 million, an increase of 38% year-over-year. Billings of $374.9 million, an increase of 33% year-over-year (see the table entitled "Results of Operations GAAP to Non-GAAP Reconciliation for a reconciliation). GAAP net loss of $49.6 million, or loss of $0.30 per basic and diluted share, compared to a GAAP net loss of $61.9 million, or loss of $0.40 per basic and... More