ServiceNow Inc (NYSE:NOW) reported fourth-quarter financial results after the market close on Wednesday. Here’s a rundown of the software solution’s company’s report.
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ServiceNow Beats Q4 Analyst Estimates
ServiceNow reported fourth-quarter revenue of approximately $3.57 billion, beating the consensus estimate of $3.53 billion, according to Benzinga Pro. The company reported adjusted earnings of 92 cents per share for the fourth quarter, beating analyst estimates of 88 cents per share.
Total revenue increased 20.5% year-over-year, while Subscription revenue climbed 21% year-over-year. ServiceNow said it had remaining performance obligations of $28.2 billion at quarter’s end, up 26.5% year-over-year. The company noted that customers with more than $5 million in annual contract value increased approximately …