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Third Quarter Revenues Grew 61% Year-over-Year to $178.7 Million
“We had a solid third quarter as we continued to help our customers extend service management across the enterprise,” said Frank Slootman, president and chief executive officer, ServiceNow. “The opportunities for us to expand within IT, as well as deliver value throughout the business, significantly broaden our addressable market and growth potential.”
“Our strong third quarter performance included a record 11 deals greater than $1 million in annual contract value,” added Michael Scarpelli, chief financial officer, ServiceNow. “We also achieved our first quarter of billings greater than $200 million.”
For the full year 2014, we expect revenues to be in the range of $677 to $679 million, representing year-over-year growth between 59% and 60%. Our total annual revenues estimate consists of subscription revenues between $562 and $563 million and professional services and other revenues between $114 and $115 million.
Provides Rapid Deployment IT Service Management for Enterprises of All Sizes
Express offers a better way to run IT, providing administrators a single view of all service requests and enabling them to be more efficient in addressing the work required to fulfill those requests. IT can manage the requests they get from across the business through an easy-to-use interface that runs on any mobile or computing device.