Stock Analysis
ServiceNow (NYSE:NOW) Full Year 2024 Results
Key Financial Results
- Revenue: US$11.0b (up 22% from FY 2023).
- Net income: US$1.43b (down 18% from FY 2023).
- Profit margin: 13% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$6.92 (down from US$8.48 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ServiceNow EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%.
In the last 12 months, the only revenue segment was Internet Software & Services contributing US$11.0b. The largest operating expense was Sales & Marketing costs, amounting to US$3.85b (53% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$61.0m. Explore how NOW's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with ServiceNow.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:NOW
ServiceNow
Provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally.
