ServiceNow (NOW) Tops Q1 EPS by 7c, Q2 Revenue Guidance Beats

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Go back to ServiceNow (NOW) Tops Q1 EPS by 7c, Q2 Revenue Guidance Beats

ServiceNow Reports Financial Results for First Quarter 2017

April 26, 2017 4:01 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- ServiceNow® (NYSE: NOW) today announced the financial results for its first quarter 2017.

First Quarter 2017 GAAP Results:

Subscription revenues of $376.1 million, representing 41% year-over-year growth. Professional services and other revenues of $40.6 million, representing 6% year-over-year growth. Total revenues of $416.8 million, representing 36% year-over-year growth. Subscription gross profit of $305.8 million, representing 81% of subscription revenues. Professional services and other gross loss of $5.4 million, representing negative 13% of professional services and other revenues. Total gross... More