Podcast: ServiceNow Q1’19 Earnings: Revenue Growth and Raised Guidance

ServiceNow beat analyst estimates and raised full year 2019 subscription revenue and billings guidance.  ServiceNow posted Q1 subscription revenue of $740M which represented an impressive 40% growth y-o-y.  They closed 25 deals in the quarter with ACV greater than $1M which brings total customers fitting this profile to 717.  Expect ServiceNow to continue to find ways to expand ITSM adoption within existing customer base and add emerging products like CSM.

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