ServiceNow lifts annual guidance after Q3 results beat analyst estimates

Investing.com — ServiceNow lifted its full-year guidance after reporting Wednesday third-quarter results that beat Wall Street estimates.

ServiceNow Inc (NYSE:NOW) was down about 0.7% in afterhours trading.  

For Q3, the company reported adjusted earnings per share of $3.72 on revenue of $2.79 billion, compared with Wall Street estimates of $3.45 a share and $2.75B, respectively.

Current remaining performance obligations, or cPRO, a gauge of booked revenue over the next 12 months, climbed by 16% to $9.36B.

For Q4, the company forecast subscription revenue in a range of $2.875B to $2.880B, with cPRO growth expected at 21.5% from a year earlier. Analysts are expecting Q4 revenue of $2.94B.

For the full-year, Servicenow sees revenue in a range of $10.655B to $10.660B, up from a prior forecast of $10.575B to $10.585B.