ServiceNow on Wednesday published fourth-quarter financial results that beat market expectations, in part thanks to a large number of large transactions.
Non-GAAP basic earnings per share reached $ 1.49, while diluted EP was $ 1.46. Revenue for the quarter was $ 1.629 billion, up 30% year-over-year.
Analysts expect revenues of $ 1.43 on revenue of $ 1.6 billion.
During the quarter, ServiceNow closed 135 transactions at more than $ 1 million in net new annual contract value, representing 52% year-over-year growth. The company now has 1,359 total customers with more than $ 1 million in annual contract value, representing 25% year-over-year growth of customers.
“We again reported results that significantly beat the high end of expectations,” CEO and President Bill McDermott said in a statement. “Customer demand for the innovative ServiceNow platform is stronger than ever. Our unique culture has made us one of the best places to work. We are growing as a fast -acting startup with a profitability leader of the global market. “