servicenow inc (NOW) Key Developments
Department for Work and Pensions Appoints ServiceNow as its Service Integration and Management Service Desk Provider
Jun 2 15
The Department for Work and Pensions (DWP) has announced the appointment of ServiceNow as its service integration and management (SIAM) service desk provider under a three-year contract designed to assist with the disaggregation of its larger IT outsourcing agreements. Under the agreement, the department will make use of the company's IT Service Automation suite to try and identify both vital and unused services, while also helping define the best areas to integrate functions and improve engagement with smaller suppliers. The contract also includes a focus on open standards and interoperability to support workflow, performance, billing and payment functions. The DWP announced the ServiceNow solution had been chosen in an open competition to replace its outdated IT Service Management system that was unfit to support the use of multiple suppliers in the department's work.
ServiceNow, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 01:20 PM
May 27 15
ServiceNow, Inc. Presents at Bank of America Merrill Lynch 2015 Global Technology Conference, Jun-03-2015 01:20 PM. Venue: The Ritz Carlton, 600 Stockton Street, San Francisco, California, United States. Speakers: Michael P. Scarpelli, Chief Financial Officer.
ServiceNow, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 01:30 PM
May 27 15
ServiceNow, Inc. Presents at William Blair’s 35th Annual Growth Stock Conference, Jun-09-2015 01:30 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: Michael P. Scarpelli, Chief Financial Officer.
ServiceNow, Inc., Annual General Meeting, Jun 10, 2015
Apr 29 15
ServiceNow, Inc., Annual General Meeting, Jun 10, 2015., at 11:30 Pacific Standard Time. Location: company's headquarters. Agenda: To elect three Class III directors of the company each to serve until the third annual meeting of stockholders following this meeting and until his or her successor has been elected and qualified or until his or her earlier resignation or removal; to hold an advisory vote on the resolution to approve executive compensation; and to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2015.
Servicenow, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Apr 17 15
ServiceNow, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total revenues of $211,964,000 against $139,090,000 a year ago. Loss from operations was $54,232,000 against $36,181,000 a year ago. Loss before provision for income taxes was $57,106,000 against $42,144,000 a year ago. Net loss was $58,093,000 or $0.38 per basic and diluted share against $43,311,000 or $0.30 per basic and diluted share a year ago. Net cash provided by operating activities was $67,366,000 against $24,217,000 a year ago. Purchases of property and equipment were $26,699,000 against $10,968,000 a year ago. Non-GAAP income from operations was $6,744,000 against Non-GAAP loss from operations of $6,534,000 a year ago. Non-GAAP income before provision for income taxes was $11,448,000 against Non-GAAP loss before provision for income taxes was $5,416,000 a year ago. Non-GAAP net income was $2,448,000 or $0.01 per diluted share against non-GAAP net loss of $11,264,000 or $0.08 per diluted share a year ago.
For the second quarter of 2015, the company expects total revenues between $237 and $242 million, representing year-over-year growth between 42% and 45%. The company's total second quarter revenue estimate consists of subscription revenues between $192 and $196 million and professional services and other revenues between $45 and $46 million. Billings between $260 and $265 million, representing year-over-year growth between 38% and 41%. Subscription gross margin of approximately 80%, professional services and other gross margin, excluding Knowledge15 revenue, of approximately 15%, and overall gross margin of approximately 70%. Operating loss of approximately $5 million, including net expense of $12 million related to Knowledge15. Free cash flow of approximately $40 million. Purchases of property and equipment expects to be $26 million. GAAP net cash provided by operating activities expects to be $66 million. GAAP subscription gross margin to be 76%.
For the full year 2015, the company expects total revenues to be in the range of $970 million to $1 billion, representing year-over-year growth between 42% and 47%. The company’s total annual revenue estimate consists of subscription revenues between $820 and $840 million and professional services and other revenues between $150 and $160 million.