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Technology Stocks : ServiceNow, Inc.
NOW 414.21-0.6%Jul 2 4:00 PM EDT

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From: JakeStraw2/16/2018 1:43:09 PM
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ServiceNow Reports Financial Results for Fourth Quarter and Fiscal Year 2017
“We finished 2017 with our best quarter ever, closing a record 41 deals greater than $1 million, and giving us strong global momentum,” said John Donahoe, ServiceNow president and chief executive officer. “ServiceNow is becoming a clear strategic partner of choice for CIOs and other leaders digitally transforming their companies with simpler, easier, better ways to get work done and creating great experiences for their customers and employees.”

“Combined backlog and deferred revenue at the end of 2017 was $3.9 billion, a 39% annual increase,” said Michael Scarpelli, ServiceNow chief financial officer. “Strength in 2017 was driven by more than 100 new Global 2000 customers, and increasing our customers with greater than $1 million in annual contract value by 43% year over year.”
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