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ServiceNow Reports 24.5% Subscription Revenue Growth for Second Quarter

Current remaining performance obligations reached $13.20 billion at June 30, up 21% year over year. The company’s third-quarter results are scheduled for Oct. 28.

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Employees arrive at a software company campus in Santa Clara, California, on an overcast morning. / EconoTimes.ai
Employees arrive at a software company campus in Santa Clara, California, on an overcast morning. / EconoTimes.ai

ServiceNow’s second-quarter subscription revenue reached $3.877 billion, up 24.5% year over year, the company said, giving investors a recent measure of performance ahead of its Oct. 28 report.

The second quarter ended June 30. Current remaining performance obligations stood at $13.20 billion at that date, according to ServiceNow’s results release.

That balance was 21% higher than a year earlier.

The company said its third-quarter financial results will be released after the U.S. trading session on Wednesday, Oct. 28, according to its announcement.

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