ServiceNow sees revenue increase | Dutch IT Channel

ServiceNow

ServiceNow will release its data for the third quarter of 2019. The company’s turnover was US$88883 million, exceeding its expectations. Net income is 40.6 million US dollars.

Subscription revenue for the third quarter of 2019 was $835 million. This is a 33% year-on-year increase. Revenue from the provision of services and other sources was US$50.9 billion, an increase of 9%. Compared with the third quarter of 2018, total sales increased by 32%.

ServiceNow completed 46 transactions in the third quarter of 2019, with an annual net contract value of more than $1 million. This is an increase of 84% over the third quarter of 2018. In the third quarter of 2019, ServiceNow had 809 customers with an annual contract value of more than $1 million (a year-on-year increase of 32%).

All financial data for ServiceNow for the third quarter of 2019 can be found on the company’s website.

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