ServiceNow, Inc. (NOW) (Q2FY23)
Stock Performance: ServiceNow stock price increased by 43.72% in the past 1-year. The stock has a 52-week high of $614.36 and its 52-week low is $337. The stock price showed a sideways trend in the past 3- month period and gave 0.86% returns.
Quarter Performance : Total revenues were $2.15bn in Q2FY23, up by 23% Y/Y from $1.75bn in Q2FY22. The growth was driven by strong growth in subscription revenues
Guidance: For FY23, subscription revenues are expected to be in the range of $8.58 – $8.60bn. The subscription gross margin is expected to be 84%. The operating margin is expected to be 26.5%, with a free cash flow of 30%.
For Q3FY23, subscription revenue is expected to be $2.18 – $2.19bn. cRPO is expected to grow by 25.5% cc and the operating margin is expected to be around 27%.
ServiceNow’s management team is confident that the company’s strong growth momentum will continue in the second half of FY23 and beyond. The company has raised its full-year subscription revenue guidance from $8.58bn to $8.60bn, representing 24.5% to 25% Y/Y growth
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– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum
Actual & Historical Performance
– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals
– Price Performance
Stock Price Performance
No of Pages: 37
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