ServiceNow (NOW) Revenue — Quarter Ended Sep 30, 2023
ServiceNow reported higher revenue for the quarter. The growth was seen both sequentially and year over year.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
ServiceNow reported higher revenue for the quarter. The growth was seen both sequentially and year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
+25.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.5B
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 |
|---|---|---|
| Dec 31, 2022 | $1.9B | +20.2% |
| Mar 31, 2023 | $2.1B | +21.7% |
| Jun 30, 2023 | $2.2B | +22.7% |
| Sep 30, 2023 | $2.3B | +25.0% |
Revenue performance
The company's subscription-based business model, supported by high renewal rates, underpins its financial performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue also increased.
What to watch
Monitor the company's subscription renewal rates and customer retention trends.