ServiceNow reported strong Q3 2024 results with subscription revenues reaching $2.72 billion, up 23% YoY. Total revenues grew 22% to $2.80 billion, while current remaining performance obligations rose 26% to $9.36 billion. The company achieved notable growth with 15 transactions over $5 million in net new ACV, up 50% YoY. Operating margin improved to 15% GAAP and 31% non-GAAP.The company announced the appointment of Amit Zavery as President, Chief Product Officer and Chief Operating Officer, effective October 28, 2024. Zavery joins from Google Cloud, bringing over three decades of enterprise technology experience. His compensation package includes a $900,000 base salary, 125% target bonus, $3 million sign-on bonus, and equity grants valued at $29 million.ServiceNow released its largest AI-focused update, the Now Platform Xanadu release, introducing hundreds of new AI capabilities. The company also announced strategic partnerships with NVIDIA, Siemens, and Zoom to expand AI integration and automation capabilities. Based on strong Q3 performance, ServiceNow raised its full-year 2024 subscription revenues guidance.

ServiceNow reported strong Q3 2024 results with subscription revenues reaching $2.72 billion, up 23% YoY. Total revenues grew 22% to $2.80 billion, while current remaining performance obligations rose 26% to $9.36 billion. The company achieved notable growth with 15 transactions over $5 million in net new ACV, up 50% YoY. Operating margin improved to 15% GAAP and 31% non-GAAP.The company announced the appointment of Amit Zavery as President, Chief Product Officer and Chief Operating Officer, effective October 28, 2024. Zavery joins from Google Cloud, bringing over three decades of enterprise technology experience. His compensation package includes a $900,000 base salary, 125% target bonus, $3 million sign-on bonus, and equity grants valued at $29 million.ServiceNow released its largest AI-focused update, the Now Platform Xanadu release, introducing hundreds of new AI capabilities. The company also announced strategic partnerships with NVIDIA, Siemens, and Zoom to expand AI integration and automation capabilities. Based on strong Q3 performance, ServiceNow raised its full-year 2024 subscription revenues guidance.