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.