ServiceNow reported that its revenue for the first quarter of its fiscal year was $1,046 billion, a year-on-year increase of 33%. The net profit was US$48 million.
CEO Bill McDermott (pictured) reports that ServiceNow has a unique position as a workflow platform. ServiceNow is also well-positioned to withstand the economic impact of the COVID-19 pandemic, but many of its customers are struggling.
Subscription revenue in the first quarter of 2020 was US$995 million, a year-on-year increase of 34%
In the first quarter of 2020, 37 transactions with annual contract net value exceeding USD 1 million were completed, a year-on-year increase of 48%
In the first quarter of 2020, there are 933 ServiceNow customers with an annual contract value of more than US$1 million, a year-on-year increase of 30%
#ServiceNow #released #good #data #quarter
More from Source