ServiceNow said subscription revenues for Q1 2024 (ended March 31, 3 months) were $2,523 million, up 25% year over year, and total revenues were $2,603 million, up 24%.

1. 01

   ServiceNow said subscription revenues for Q1 2024 (ended March 31, 3 months) were $2,523 million, up 25% year over year, and total revenues were $2,603 million, up 24%.

2. 02

   The company reported GAAP income from operations of $332 million for Q1 2024 and net income of $347 million ($1.67 per diluted share), compared with $144 million and $150 million for Q1 2023.

3. 03

   The company said net cash provided by operating activities was $1,341 million in Q1 2024 and free cash flow was $1,225 million (free cash flow margin of 47%). It said it repurchased shares for $175 million over the same period.

4. 04

   The company gave subscription revenue guidance of $2,525 to $2,530 million for Q2 2024 and $10,560 to $10,575 million for the full year. It also said the stronger U.S. dollar since early 2024 has had an adverse impact on its 2024 outlook.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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