After the closing of the American Stock Exchange, cloud computing giant ServiceNow today announced its business data for the second quarter. This time, the company is also loyal to itself. Californians’ expectations for sales and profits exceeded analysts’ expectations and raised their forecasts.
The company’s revenue increased by 32% to $1.41 billion. Analysts assume an average of $1.36 billion. Subscription revenue totaled 1.33 billion. This is higher than the expected 1.3 billion US dollars. Adjusted earnings per share were $1.42 (expected to be $1.21).
The number of customers with orders exceeding USD 1 million rose to 1,201, a year-on-year increase of 25%.
Bill McDermott, President and CEO of ServiceNow World, said: “I am very proud of the performance of our team. We have greatly exceeded the guidance limit for all indicators and are now improving our guidance this year.” The flexibility of the Now platform Sex can develop innovative digital solutions to meet the biggest challenges of our time,” McDermott continued.
ServiceNow now expects third-quarter revenue to be between $1.400 and $1.405 billion, an increase of 28% to 29% over the previous year. Operating profit margin is expected to be 24.5%.
ServiceNow once again reported a clear double-digit growth rate and a significant increase in profitability. The share can also rise after the market. Shareholders are still bullish. Let the profits run.
Notes on possible conflicts of interest:
The author Emil Jusifov directly holds the position of the following financial instruments mentioned in the publication or related derivatives that benefit from any price development caused by the publication: ServiceNow.
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