ServiceNow Q3 Earnings: Revenue Beat, EPS Beat, 'Remarkable' Momentum Driven By AI And More

ServiceNow Inc (NYSE:NOW) reported third-quarter financial results after the market close on Wednesday. Here’s what stands out in the report.

Q3 Earnings: ServiceNow reported third-quarter revenue of $2.797 billion, beating the consensus estimate of $2.743 billion. The company reported third-quarter adjusted earnings of $3.72 per share, beating analyst estimates of $3.46 per share, according to Benzinga Pro.

Total revenue was up 22% on a year-over-year basis. Subscription revenues were up 23% year-over-year. ServiceNow said it had remaining performance obligations of $9.36 billion at the quarter’s end, up 26% year-over-year.

The company noted that it now has 2,020 customers with more than $1 million in annual contract value, representing 14% year-over-year growth.

“ServiceNow raised our full-year topline guidance on the ...