ServiceNow, Inc. (NOW) – Leveraging AI-powered growth and profits

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%.

Highlights

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

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

Highlights

Valuation

– 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

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

To download the previous quarter’s equity report CLICK HERE

To Download other equity reports CLICK HERE

Follow our LinkedIn page for more updates.