ServiceNow (NOW) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the prior quarter. It also rose compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
+6.5%
Change from the immediately preceding quarter.
Year-over-year
+25.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$9B
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 |
|---|---|---|
| Mar 31, 2023 | $2.1B | +21.7% |
| Jun 30, 2023 | $2.2B | +22.7% |
| Sep 30, 2023 | $2.3B | +25.0% |
| Dec 31, 2023 | $2.4B | +25.6% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. On a year-over-year basis, revenue was higher than the same quarter one year ago.
Quarterly comparison
Compared with the prior quarter, revenue grew at a slower rate than the year-over-year increase. The trailing twelve-month revenue was higher than the current quarter's figure.
What to watch
The filing context notes a high renewal rate for subscription services, which may support future revenue stability.