Editor’s Note: The story has been updated to correct the revenue consensus number
ServiceNow Inc (NYSE:NOW) reported fourth-quarter financial results after the market close on Wednesday. Here’s what you need to know from the report.
What Happened: ServiceNow reported fourth-quarter revenue of $2.957 billion, missing the consensus estimate of $2.961 billion. The company reported fourth-quarter adjusted earnings of $3.67 per share, in line with analyst estimates, according to Benzinga Pro.
Total revenue was up 21% year-over-year. Subscription revenues were up 21% year-over-year. ServiceNow said it had remaining performance obligations of $10.7 billion at quarter’s …