ServiceNow (NOW) Tops Q1 EPS by 3c

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ServiceNow Reports First Quarter 2022 Financial Results

April 27, 2022 4:10 PM EDT

ServiceNow exceeds high end of guidance across all Q1 2022 metrics; raises mid-point of 2022 subscription revenues guidance and expects growth to accelerate year-over-year on a constant currency basis Subscription revenues of $1,631 million in Q1 2022, representing 26% year-over-year growth, 29% adjusted for constant currency Total revenues of $1,722 million in Q1 2022, representing 27% year-over-year growth, 29% adjusted for constant currency Current remaining performance obligations of $5.69 billion as of Q1 2022, representing 29% year-over-year growth, 30.5% adjusted for constant currency 52 transactions over $1 million in net new annual contract value in Q1 2022, representing 41% year-over-year growth

SANTA CLARA, Calif.--(BUSINESS... More