Description

ServiceNow, Inc: How Will The Adoption of GenAI Technology Impact Their Future Revenues & Profitability?

ServiceNow had a strong first quarter in 2024, outperforming guidance on all top-line and profitability metrics. The company’s subscription revenue grew by 24.5% year-over-year on a constant currency basis. Current remaining performance obligations (CRPO) rose by 21% year[1]over-year in constant currency, which was above the company’s guidance. Operating margin stood at over 30%, exceeding the company’s expectations by 150 basis points. The company secured eight deals worth over $5 million in the net new annual contract value (ACV), a 100% increase year[1]over-year, and four deals exceeding $10 million, marking a 300% rise year-over-year.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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