Helpdesk software-as-a-service supplier ServiceNow continues to develop its subscription enterprise, regardless of important international challenges, together with the continuing warfare in Ukraine.
The corporate, which is led by former SAP CEO Invoice McDermott, posted income of $1.7 billion for the primary quarter of 2022, up 27% from the earlier yr. Subscription income accounted for the overwhelming majority of that quantity, at $1.6 billion, which was up 26% yr‑over‑yr, whereas skilled companies accounted for the remaining $91 million in income. Web revenue for the quarter was $75 million.
Referencing ongoing enterprise challenges, reminiscent of rising inflation and the continuing warfare in Ukraine, ServiceNow CFO Gina Mastantuono stated that whereas “enterprises are navigating a macro setting crammed with a myriad of challenges,” ServiceNow has been in a position to “to proceed delivering sturdy outcomes.”
McDermott additionally shrugged off any potential enterprise influence of Russia’s invasion of Ukraine. “Whereas there are important challenges on this planet, notably within the Japanese European state of affairs, now we have not seen a fabric influence on our market. On the contrary, the challenges have underscored the urgency of funding in digital enterprise,” he advised analysts.
Final month, ServiceNow launched the newest model of its workflow automation platform, referred to as San Diego, which featured an up to date design alongside a considerable deal with automation, supported by added robotic course of automation capabilities.
