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Strong sales growth calms nervous ServiceNow investors SHARE ServiceNow Inc. today reported second-quarter revenue of $1.41 billion, well above analysts’ estimates of $1.36 billion and up 32% year-over-year. Profit of $1.42 per share also exceeded the $1.21 consensus. The results were driven by 27% growth in subscription revenues, to $1.33 billion when adjusted for constant currency. Current remaining performance obligations, which is contract revenue that will be recognized as revenue over the next 12 months, rose 31%, to $4.7 billion. The company said it now has 1,201 total customers paying more than $1 million annually, up 25% year-over-year, with 62 paying more than $10 million. “The pipeline is incredibly robust,” said Chief Executive Bill McDermott. ....
ServiceNow is on a collision course with Salesforce.com. Here's why siliconangle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconangle.com Daily Mail and Mail on Sunday newspapers.
ServiceNow to acquire DevOps observability platform Lightstep SHARE ServiceNow is a workflow automation platform for optimizing productivity for information technology and operations, with the addition of LightStep, DevOps engineers will gain deep systematic observability capabilities to detect problems before they affect customers. The concept of “observability” deals with gathering information from raw data drawn from logs generated by clients and servers and producing actionable insights. “Today, observability primarily benefits the DevOps teams that build and operate mission-critical apps,” said Ben Sigelman, co-founder and chief executive at Lightstep. “We’ve always believed that the value of observability should extend across the entire enterprise.” ....