What's In The Cards For ServiceNow (NOW) In Q2 Earnings?
Zacks Investment Research | Jul 20, 2017 11:51PM ET
ServiceNow Inc. (NYSE:NOW) is set to release second-quarter 2017 earnings on Jul 26. The company has missed the Zacks Consensus Estimate in all the trailing four quarters, with an average negative surprise of 31.54%.
Last quarter, the company reported a loss (including stock based compensation) of 18 cents per share, wider than the Zacks Consensus Estimate of a loss of 16 cents.
However, revenues of almost $424 million surged 38.6% year over year to beat the Zacks Consensus Estimate of $409 million. ServiceNow won 28 new deals greater than $1 million in net new annualized contract value (ACV), and 26 net new Global 2K customers. Renewal rate was 97% in the reported quarter.
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