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Technology Stocks : ServiceNow, Inc.
NOW 265.85+0.7%4:02 PM EDT

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From: JakeStraw1/25/2017 4:07:41 PM
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ServiceNow Reports Financial Results for Fourth Quarter and Fiscal Year 2016

“We finished 2016 with strong momentum and our business is firing on all cylinders,” said Frank Slootman, chairman and chief executive officer, ServiceNow. “Total revenues in 2016 grew 38% making ServiceNow the fastest growing enterprise software company with more than $1 billion in revenue.”

“Total backlog and deferred revenue at the end of 2016 was $2.8 billion, a 51% annual increase, up from a 35% annual increase in the prior year,” said Michael Scarpelli, chief financial officer, ServiceNow. “Strength in Q4 was driven by a record 27 new deals greater than $1 million in net new annualized contract value, and 31 net new Global 2000 customer wins.”
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