Santa Clara-ServiceNow (NYSE:NOW) announced its fourth quarter and annual financial results as of December 31, 2019. Subscription revenue for the fourth quarter of 2019 was US$899 million, an increase of 35% from the same period last year. Compared to the previous year.
In the fourth quarter, ServiceNow completed 76 transactions, and the new annual net contract value (ACV) exceeded $1 million, a year-on-year increase of 49%. As of this year, the company had a total of 892 customers with an ACV value of more than US$1 million, and the number of customers increased by 32% over the previous year.
Beyond forecast
ServiceNow President and CEO Bill McDermott said: “ServiceNow exceeded its guidance for the fourth quarter and performed well at the end of the year.” “In the fourth quarter, we saw record transactions and extensive expansion of the Now platform. ServiceNow coordinates the needs of each company-a workflow that creates a great experience. Digital transformation is driving our momentum because customers from all walks of life are quickly accepting the simplicity of ServiceNow.”
ServiceNow Chief Financial Officer Gina Mastantuono said: “I am very happy to be a member of ServiceNow. We are committed to delivering outstanding performance to our customers and strong performance to shareholders-as evidenced by our fourth quarter results.” “Looking forward, we will continue to work on sustainable revenue growth, and our goal is to grow our business to US$10 billion or more. (ServiceNow / MC / HFU)
Detailed figures can be found in the English report here…
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