FINANCIALS
ServiceNow earnings reveal a tireless appetite for growth and first shots across the bows at ERP vendors
The latest ServiceNow earnings call followed a similar theme to previous quarters: revenues up by more than 20 percent; average contract value soaring with customers paying $10m+ up 60 percent; and more than 1,500 customer with ACV more than $1m. Across every metric, ServiceNow defies the macroeconomics and industry trends – as Bill McDermott, CEO, confidently stated: “we have a tireless appetite for growth”, and their customers seem hungry.
ServiceNow exceeds on Q2 earnings targets whilst revenues fall short
ServiceNow has reported financial results for Q2 ended June 30, 2022, showing subscription revenues of $1.65bn, representing 25 percent year‑on‑year growth. However, the company’s total revenues for Q2 were up 24 percent to $1.75bn, just falling short of the $1.76bn...
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ServiceNow earnings reveal a tireless appetite for growth and first shots across the bows at ERP vendors
The latest ServiceNow earnings call followed a similar theme to previous quarters: revenues up by more than 20 percent; average contract value soaring with customers paying $10m+ up 60 percent; and more than 1,500 customer with ACV more than $1m. Across every metric, ServiceNow defies the macroeconomics and industry trends – as Bill McDermott, CEO, confidently stated: “we have a tireless appetite for growth”, and their customers seem hungry.
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