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Last $71.22 USD
Change Today +1.27 / 1.82%
Volume 1.5M
NOW On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

servicenow inc (NOW) Key Developments

ServiceNow, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2015 and Revenue Guidance for the Full Year of Fiscal 2015

ServiceNow, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $246.716 million against $166.757 million a year ago. Loss from operations was $53.235 million against $44.471 million a year ago. Loss before benefit from income taxes was $60.421 million against $49.702 million a year ago. Net loss was $61.925 million or $0.40 per basic and diluted share against $50.363 million or $0.35 per basic and diluted share a year ago. Net cash provided by operating activities was $79.588 million against $42.059 million a year ago. Purchases of property and equipment were $15.121 million against $16.437 million a year ago. Purchase of strategic investment was $10 million. Non-GAAP income from operations was $15.999 million against non-GAAP loss from operations of $5.7 million a year ago. Non-GAAP income before provision for income taxes was $16.52 million against non-GAAP loss before provision for income taxes of $3.729 million a year ago. Non-GAAP net income was $7.286 million or $0.04 per diluted share against non-GAAP net loss of $9.394 million or $0.07 per diluted share a year ago. For the six months, the company reported total revenues were $458.68 million against $305.847 million a year ago. Loss from operations was $107.467 million against $80.652 million a year ago. Loss before benefit from income taxes was $117.527 million against $91.846 million a year ago. Net loss was $120.018 million or $0.78 per basic and diluted share against $93.674 million or $0.65 per basic and diluted share a year ago. Net cash provided by operating activities was $146.954 million against $66.276 million a year ago. Purchases of property and equipment were $41.82 million against $27.405 million a year ago. Purchase of strategic investment was $10 million. Non-GAAP income from operations was $22.743 million against non-GAAP loss from operations of $12.234 million a year ago. Non-GAAP income before provision for income taxes was $27.968 million against non-GAAP loss before provision for income taxes of $9.145 million a year ago. Non-GAAP net income was $9.734 million or $0.06 per basic and diluted share against non-GAAP net loss of $20.658 million or $0.14 per basic and diluted share a year ago. For the third quarter of 2015, the company expected total revenues between $252 million and $257 million, representing year-over-year growth between 41% and 44% and between 49% and 52% in constant currency. Total third quarter revenue estimate consists of subscription revenues between $216 million and $220 million and professional services and other revenues between $36 million and $37 million. Operating margin will be approximately 8%. Free cash flow will be approximately $35 million. The company expected subscription gross margins of approximately 80%, professional services and other gross margin of approximately 14% and overall gross margin of approximately 71%. For the full year of fiscal 2015, the company expected total revenues to be in the range of $985 million to $1 billion, representing year-over-year growth between 44% and 47% and between 52% and 55% in constant currency. Total annual revenue estimate consists of subscription revenues between $830 million and $840 million and professional services and other revenues between $155 million and $160 million. The company expected approximately 6% operating margin for the full year and to end the year with approximately 180 million fully diluted gross shares outstanding, which includes all basic shares, stock options and RSUs outstanding before applying the treasury stock method.

ServiceNow, Inc. to Report Q2, 2015 Results on Jul 29, 2015

ServiceNow, Inc. announced that they will report Q2, 2015 results at 2:00 PM, Pacific Standard Time on Jul 29, 2015

ServiceNow, Inc., Q2 2015 Earnings Call, Jul 29, 2015

ServiceNow, Inc., Q2 2015 Earnings Call, Jul 29, 2015

Department for Work and Pensions Appoints ServiceNow as its Service Integration and Management Service Desk Provider

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

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.

 

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Industry Analysis

NOW

Industry Average

Valuation NOW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 12.9x
Price/Book 23.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 11.7x
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