The company said subscription revenues for Q3 2024 (through September 30) were $2,715 million, up 23% year over year (22.5% in constant currency), and total revenues were $2,797 million, an increase of 22%.

1. 01

   The company said subscription revenues for Q3 2024 (through September 30) were $2,715 million, up 23% year over year (22.5% in constant currency), and total revenues were $2,797 million, an increase of 22%.

2. 02

   ServiceNow reported GAAP income from operations of $418 million for Q3 2024 (operating margin of 15%), net income of $432 million, net cash provided by operating activities of $671 million, and free cash flow of $471 million (17%).

3. 03

   The company said it expects subscription revenues of $2,875 to $2,880 million for Q4 2024 (up 21.5% to 22% year over year) and full-year subscription revenues of $10,655 to $10,660 million (up 23% year over year). It also said it raised its full-year subscription revenue guidance.

4. 04

   ServiceNow said its board appointed Amit Zavery as President, Chief Product Officer and Chief Operating Officer on October 21, 2024, effective October 28, 2024. His annual base salary is $900,000, with a sign-on cash bonus of $3,000,000, and he is eligible for equity awards with a grant-date value of $29,000,000.

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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