ServiceNow (NOW) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but remained strong compared with the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but remained strong compared with the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+22.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.8B | +21.1% |
| Dec 31, 2022 | $1.9B | +20.2% |
| Mar 31, 2023 | $2.1B | +21.7% |
| Jun 30, 2023 | $2.2B | +22.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter. The year-over-year comparison also showed an increase.
Quarterly comparison
Compared with the prior quarter, revenue grew at a slower pace. Versus the same quarter one year earlier, the increase was more pronounced.
What to watch
The sequential growth rate deceleration may warrant attention in future quarters.