Servicenow, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter Ending March 31, 2019 and Full Year Ending December 31, 2019
January 30, 2019 at 04:10 pm
Share
ServiceNow, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported total revenues of $715,441,000 against $549,093,000 a year ago. Income from operations was $278,000 against loss of $900,000 a year ago. Net income was $7,015,000 against loss of $17,346,000 a year ago. Net income per share basic was $0.04 against net loss per share basic of $0.10 a year ago.
For the year, the company reported total revenues of $2,608,816,000 against $1,918,494,000 a year ago. Loss from operations was $42,426,000 against $64,396,000 a year ago. Net loss was $26,704,000 against $116,846,000 a year ago. Net loss per share basic was $0.15 against $0.68 a year ago.
For the first quarter ending March 31, 2019, the company expects subscription revenues of $715 million to $720 million.
For the full year ending December 31, 2019, the company expects subscription revenues of $3,215 million to $3,235 million.
ServiceNow, Inc. is specialized in the development of digital workflow solutions. The group delivers applications to automate the IT operations of companies, optimize employee workflows, improve business processes, etc.
Net sales by revenue source are divided between sales of subscriptions (96.8%) and professional services (3.2%).
Net sales are distributed geographically as follows: North America (63.6%), Europe/Middle East/Africa (25.6%) and other (10.8%).
Servicenow, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Provides Revenue Guidance for the First Quarter Ending March 31, 2019 and Full Year Ending December 31, 2019