ServiceNow Second Quarter 2024 Earnings: EPS Beats Expectations

ServiceNow (NYSE:NOW) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.63b (up 22% from 2Q 2023).
• Net income: US$262.0m (down 75% from 2Q 2023).
• Profit margin: 10.0% (down from 49% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$1.27 (down from US$5.12 in 2Q 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 25%.

Looking ahead, revenue is forecast to grow 17% 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 up 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ServiceNow has 1 warning sign we think you should be aware of.

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