ServiceNow delivers results, guidance beat; Seen as 'one of the best compounding stories in software'

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ServiceNow Reports Fourth Quarter and Full-Year 2023 Financial Results

January 24, 2024 4:10 PM EST

ServiceNow exceeds guidance across all Q4 2023 topline growth and profitability metrics; raises 2024 subscription revenues and operating margin outlook Subscription revenues of $2,365 million in Q4 2023, representing 27% year-over-year growth, 25.5% in constant currency Total revenues of $2,437 million in Q4 2023, representing 26% year-over-year growth, 24% in constant currency Current remaining performance obligations of $8.60 billion as of Q4 2023, representing 24% year-over-year growth, 23% in constant currency 168 transactions over $1 million in net new ACV in Q4 2023, up 33% year-over-year

SANTA CLARA, Calif.SANTA CLARA, Calif.--(BUSINESS WIRE)-- ServiceNow (NYSE: NOW), the leading... More