2023-01-25 21:10:00
ServiceNow Reports Fourth Quarter and Full-Year 2022 Financial Results
Benzinga
By Business Wire- ServiceNow exceeds high end of guidance across Q4 2022 GAAP topline growth and profitability metrics
- Subscription revenues of $1,860 million in Q4 2022, representing 22% year-over-year growth, 27.5% adjusted for constant currency
- Total revenues of $1,940 million in Q4 2022, representing 20% year-over-year growth, 25.5% adjusted for constant currency
- Current remaining performance obligations ("cRPO") of $6.94 billion as of Q4 2022, representing 22% year-over-year growth, 25.5% adjusted for constant currency
- Net new annual contract value ("NNACV") contribution to cRPO outperformed company expectations in Q4 2022, driven by strong net expansion and over 30% NNACV growth year-over-year from new logos
ServiceNow NOW, the leading digital workflow company making the world work better for everyone, today announced financial results for its fourth quarter ended December 31, 2022, with subscription revenues of $1,860 million in Q4 2022, representing 22% year-over-year growth, 27.5% adjusted for constant currency.
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