The company said RPO was $17.7 billion as of March 31, 2024, of which 48% was cRPO. RPO and cRPO rose 26% and 21%, respectively, compared to March 31, 2023.

1. 01

   The company said RPO was $17.7 billion as of March 31, 2024, of which 48% was cRPO. RPO and cRPO rose 26% and 21%, respectively, compared to March 31, 2023.

2. 02

   ServiceNow said operating cash flow for Q1 2024 (3 months) was $1,341 million, up from $902 million a year earlier. The company cited higher collections from revenue growth as the driver of the increase.

3. 03

   The company said research and development expenses rose $114 million from a year earlier for Q1 2024 (3 months). It cited an increase in personnel-related costs, including stock-based compensation and overhead, of $98 million due to higher headcount as the main driver.

4. 04

   The company said it repurchased 0.2 million shares of common stock on the open market for $175 million during the 3 months of Q1 2024. The program, approved in May 2023 with a maximum of $1.5 billion, had about $787 million remaining as of March 31, 2024.

Key figures

Quarter ended March 31, 2024

Revenue

$2.6B

Operating income

$332M

Net income

$347M

EPS

$1.67

Gross profit

$2.1B

Operating cash flow

$1.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.