ServiceNow (NOW) reported Q3 EPS of $1.96, $0.11 better than the analyst estimate of $1.85. Revenue for the quarter came in at $1.93 billion compared to the consensus estimate of $1.85 billion.
The following table summarizes our guidance for the full year 2022:
Full Year 2022 Guide to GAAP |
Full Year 2022 Non-GAAP Guidance(1) |
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Value |
Every year Growth (%)(2) |
Continuous Money Year/Year Growth (%) |
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Subscription revenues |
$6,865 – $6,870 |
23% |
28.5% |
|
Margin (%) |
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Gross profit of subscription |
86% |
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Income from operations |
25% |
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Free cash flow |
29% |
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Value (million) |
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Weighted-average shares used to calculate diluted net income per share |
203 |
(1) |
We report non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled “Statement Regarding the Use of Non-GAAP Financial Measures” for an explanation of non-GAAP measures, and the table entitled “Reconciliation of Non-GAAP Financial Guidance” for a GAAP reconciliation in non-GAAP measures. |
(2) |
GAAP subscription revenues and related growth rates for future quarters included in our full-year 2022 guidance are based on the 30-day average of foreign exchange rates for September 2022 for the entities which reports in currencies other than US Dollars. |