ServiceNow Outperforms Second Quarter and Raises Top Line Guidance for Full-Year 2018
Santa Clara – ServiceNow today announced financial results for the quarter ended June 30, 2018.
Second Quarter 2018 Highlights:
- Subscription revenues of $585.3 million, representing 45% year-over-year growth
- 28 transactions over $1 million in net new annual contract value
- 575 total customers with over $1 million in annual contract value, representing 40% year-over-year growth
“We had a strong second quarter, continuing our global momentum as we head into the second half,” said John Donahoe, ServiceNow president and chief executive officer. “Digital transformation is no longer just a business buzzword. It’s fast becoming a business priority worldwide. We are becoming a strategic partner of choice to help enable the digital future and make the world of work, work better for people.”
“Subscription revenues grew 45% year-over-year,” said Michael Scarpelli, ServiceNow chief financial officer. “Outperformance in the quarter was driven by 28 transactions greater than $1 million in net new annual contract value and continued strength from our entire product portfolio.”
Investor Presentation Details
An investor presentation providing additional information and analysis can be found at http://investors.servicenow.com. (ServiceNow/mc/ps)
About ServiceNow
ServiceNow (NYSE: NOW) makes work, work better for people. Our cloud-based platform and solutions deliver digital experiences that help people do their best work. For more information, visit: www.servicenow.com.
