ServiceNow issues strong guidance, shares +4.2% AH


In addition to beating Q4 revenue estimates, ServiceNow (NOW) expects Q1 revenue of $133M-$135M and 2014 revenue of $640M-$645M, above consensus estimates of $131.1M and $611M.

Subscription revenue is expected to grow to $533M-$535M in 2014 from $349.8M in 2013, and services revenue to $107M-$110M from $74.8M.

Billings jumped 31% Q/Q and 70% Y/Y in Q4 to $166.2M, well above reported revenue of $125.2M. ServiceNow's total deferred revenue and backlog balance rose 59% Y/Y to $875.1M.

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Comments (2)
  • glyntech
    , contributor
    Comment (1) | Send Message
     
    but where is the profit? This must be the next .com boom and bust... how long can companies grow without making money?
    29 Jan 2014, 08:11 PM Reply Like
  • jyabc888
    , contributor
    Comments (113) | Send Message
     
    They purposely maximize the $ resources in running after deals from traditional vendors like HP..

     

    This is why they do not want to have a profit yet even they can. I support this strategy. Value is new customers and the efforts in running after new customers.
    29 Jan 2014, 09:08 PM Reply Like
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