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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.8B | 6.5% |
| Gross Profit | 2.21B | 6.7% |
| Cost of Revenue | 584M | 5.8% |
| Operating expense | 1.8B | 2.2% |
| Net Income | 432M | 64.9% |
| EBITDA | 441M | 67% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 18.4B | 1.2% |
| Total Liabilities | 9.14B | 4.2% |
| Total Equity | 9.29B | 7.2% |
| Shares Outstanding | 206M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 671M | 8.2% |
| Cash from investing | -658M | 251.9% |
| Cash from financing | -292M | 9% |
EPS
Financial Highlights for ServiceNow in Q3 '24
ServiceNow reported a revenue of 2.8B, which is a 6.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.21B, marking a 6.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 584M, a 5.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.8B, showing a -2.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 432M, showing a 64.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 441M, showing a 67% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for ServiceNow with growth in revenue, gross profit, and net income.
