ServiceNow delivered robust financial results for fiscal year 2024, with subscription revenues increasing 23% to $10.6 billion and total revenues growing 22% to $11.0 billion. The company maintained a strong renewal rate of 98% and expanded its customer base to 2,109 customers with annual contract value greater than $1 million, up from 1,885 in the prior year.Operating income rose significantly to $1.4 billion from $762 million in FY2023, while operating margin improved to 12.4%. The company generated strong free cash flow of $3.5 billion, up 27% year-over-year. ServiceNow continued to invest in AI innovation, embedding Now Assist across its product portfolio while maintaining gross margins at 79%.Looking ahead, ServiceNow remains focused on AI-powered digital transformation, with remaining performance obligations reaching $22.3 billion, up 23% year-over-year. The company's strategic investments in AI capabilities, global expansion, and partner ecosystem position it well for continued growth. The board authorized an additional $3.0 billion share repurchase program in January 2025, demonstrating confidence in the company's future prospects.

ServiceNow delivered robust financial results for fiscal year 2024, with subscription revenues increasing 23% to $10.6 billion and total revenues growing 22% to $11.0 billion. The company maintained a strong renewal rate of 98% and expanded its customer base to 2,109 customers with annual contract value greater than $1 million, up from 1,885 in the prior year.Operating income rose significantly to $1.4 billion from $762 million in FY2023, while operating margin improved to 12.4%. The company generated strong free cash flow of $3.5 billion, up 27% year-over-year. ServiceNow continued to invest in AI innovation, embedding Now Assist across its product portfolio while maintaining gross margins at 79%.Looking ahead, ServiceNow remains focused on AI-powered digital transformation, with remaining performance obligations reaching $22.3 billion, up 23% year-over-year. The company's strategic investments in AI capabilities, global expansion, and partner ecosystem position it well for continued growth. The board authorized an additional $3.0 billion share repurchase program in January 2025, demonstrating confidence in the company's future prospects.