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Technology Stocks : ServiceNow, Inc.
NOW 320.10-4.2%Feb 27 4:00 PM EST

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From: JakeStraw7/30/2014 4:20:41 PM
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ServiceNow Reports Financial Results for Second Quarter 2014

Second Quarter Revenues Grew 63% Year-over-Year to $166.8 Million

“We continued our momentum in the second quarter, generating greater than expected revenue and adding 169 new customers, bringing our total to 2,364,” said Frank Slootman, president and chief executive officer, ServiceNow. “Our renewal rate remains strong at 98 percent, with upsells representing 33 percent of the total annual contract value booked in the quarter.”

“Our average revenue per customer grew 21 percent in the quarter compared to last year,” added Michael Scarpelli, chief financial officer, ServiceNow. “We also raised our full-year 2014 total revenue guidance by $16 million this quarter, our largest guidance raise ever.”
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