ServiceNow Reports Strong Fourth-Quarter Results
SANTA CLARA, Calif. - ServiceNow Inc. (NOW) announced fourth-quarter profits of $384 million on Wednesday. The Santa Clara, California-based company reported earnings of $1.83 per share. Adjusted for stock option expenses and non-recurring costs, earnings stood at $3.67 per share, surpassing Wall Street expectations.
Analysts surveyed by Zacks Investment Research had projected earnings of $3.58 per share. Revenue came in at $2.96 billion, exceeding market forecasts as well. Analysts expected $2.95 billion for the period.
For the year, ServiceNow reported a profit of $1.43 billion, translating to $6.84 per share. Revenue totaled $10.98 billion.