- ServiceNow press release (NYSE:NOW): Q4 Non-GAAP EPS of $1.46 beats by $0.03.
- Revenue of $1.61B (+30.9% Y/Y) beats by $10M.
- Shares -2%.
- Subscription revenues of $1,523 million in Q4 2021, representing 29% year-over-year growth, 30% adjusted for constant currency
- Current remaining performance obligations of $5.7 billion as of Q4 2021, representing 29% year-over-year growth, 32% adjusted for constant currency
- 135 transactions over $1 million in net new annual contract value in Q4 2021, representing 52% year-over-year growth
- Expects strong 2022 subscription revenues growth with constant currency subscription revenues growth acceleration year-over-year in Q1 2022.
- Q1 Guidance: Subscription revenue: $1.61B-$1.62B, cRPO +29.5%, Income from operations margin 25%.
- FY22 Guidance: Subscription revenue: $7.02B-$7.04B, Income from operations margin +25%.