ServiceNow tops Q3 EPS by 11c Via Investing.com

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)

Value
($ million)(2)

Every year

Growth (%)(2)

Continuous Money

Year/Year Growth (%)

Subscription revenues

$6,865 – $6,870

23%

28.5%

Margin (%)

Gross profit of subscription

86%

Income from operations

25%

Free cash flow

29%

Value

(million)

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.

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