
ServiceNow Inc. reported first-quarter earnings that surpassed Wall Street expectations, with adjusted earnings per share reaching $4.04 on revenue of $3.09 billion, compared to consensus estimates of $3.83 per share and $3.08 billion in sales. The company's revenue grew by 19% year-over-year, reflecting robust demand for its services despite macroeconomic uncertainties. The company's public sector business saw significant growth, increasing by 30% during the quarter, which included 11 federal deals exceeding $1 million in value. Net income for the quarter was $460 million. CEO Bill McDermott highlighted the company's discussions with the Department of Government Efficiency (DOGE), led by Elon Musk, noting a shared ambition to enhance government efficiency and citizen interaction. ServiceNow also raised its full-year forecast, projecting subscription revenue for the second quarter to be between $3.03 billion and $3.04 billion, ahead of the $3.02 billion estimate, and full-year revenue to range from $12.64 billion to $12.68 billion, slightly above earlier projections and analyst expectations. The company ended the quarter with 508 customers with an annual contract value of about $5 million each, and reported current remaining performance obligations of $10.3 billion, with subscription revenue reaching $3.01 billion.























.@ServiceNow eases worries with strong Q1 earnings, Q2 outlook https://t.co/dBzu67ufeb ServiceNow's Q1 should alleviate a bevy of emerging concerns in enterprise tech. The company landed multiple Pro Plus AI deals and grew its US public sector business by more than 30% amid...
.@ServiceNow makes its #CRM ambitions crystal clear https://t.co/NRFqEdEMk2 On a strong first quarter earnings call, the acronym "CRM" was mentioned 35 times. Geopolitical and some flavor of economy was mentioned 10 times. AI agents were mentioned 11 times. Priorities?
ServiceNow CEO Bill McDermott says if economic uncertainty forces businesses to get more efficient, his company's sales could actually benefit. https://t.co/038P12En0x