ServiceNow (NOW) Tops Q3 EPS by 2c; Guides In-Line

ServiceNow (NYSE: NOW) reported Q3 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $357.7 million versus the consensus estimate of $352.16 million.

GUIDANCE:

ServiceNow sees Q4 2016 revenue of $376-381 million, versus the consensus of $377.79 million.

“We are very pleased with the third quarter results,” said Frank Slootman, chairman and chief executive officer, ServiceNow. “The company saw broad based contribution and large deal activity across all major sales regions and product segments.”

“Subscription billings were $363 million and grew 47% year-over-year, re-accelerating from 38% last quarter and 39% last year,” said Michael Scarpelli, chief financial officer, ServiceNow. “We now have 705 Global 2000 customers, an increase of 23 in the quarter, that pay us an average of $1 million per year.”

For earnings history and earnings-related data on ServiceNow (NOW) click here.

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