ServiceNow’s fiscal 4Q15 results beat analyst expectations
ServiceNow (NOW) was the latest company in the technology sector to announce its fiscal 4Q15 earnings for the season after companies like VMware (VMW), IBM (IBM), and SAP (SAP) announced their results in January 2016.
ServiceNow reported revenues of $285.7 million and non-GAAP[1. Generally accepted accounting principles] EPS (earnings per share) of $0.19 in fiscal 4Q15, beating analysts’ expectations by $4.3 million and $0.11 cents per share, respectively. However, on a GAAP basis, the company reported respective losses of $37.4 million and $198.4 million in fiscal 4Q15 and 2015.
For fiscal 2015, ServiceNow reported revenues of $1.0 billion and non-GAAP EPS of $4.06.
Revenues reported double-digit growth as expected in 2015
The above chart shows how ServiceNow’s revenues had double-digit growth over the years. It’s to be noted that in 2011, the company’s fiscal year ended in June. From 2012 onward, the company’s fiscal year end became December 31.
Additionally, the company’s revenues reported healthy double-digit growth in 2015. ServiceNow’s revenues of $285.7 million for fiscal 4Q15 and $1.0 billion for fiscal 2015 grew 44% and 47% on a year-over-year basis, respectively. ServiceNow stated in its fiscal 3Q15 earnings release that it expects fiscal 4Q15 and 2015 revenues to be in the range of $277–$282 million and $1 billion, respectively.
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