ServiceNow (NOW) Revenue — Quarter Ended Jun 30, 2024
Revenue increased for the quarter, continuing the upward trajectory from the prior period. The growth rate moderated compared to the same quarter last year.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased for the quarter, continuing the upward trajectory from the prior period. The growth rate moderated compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+22.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$10B
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, 2023 | $2.3B | +25.0% |
| Dec 31, 2023 | $2.4B | +25.6% |
| Mar 31, 2024 | $2.6B | +24.2% |
| Jun 30, 2024 | $2.6B | +22.2% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, marking a sequential gain. Compared with the same quarter one year earlier, revenue was also higher, though the pace of expansion narrowed.
Quarterly comparison
Revenue in the current quarter exceeded both the prior quarter and the year-ago quarter. The sequential increase was modest, while the year-over-year gain remained substantial.
What to watch
The deceleration in year-over-year growth rate may warrant attention in upcoming quarters.