ServiceNow(NOW) - 2024 Q2 - Earnings Call Presentation

Q2 2024 Financial Performance - Subscription revenues reached $2542 million, a 23% year-over-year increase [25] - Current Remaining Performance Obligations (cRPO) amounted to $878 billion, reflecting a 22% year-over-year growth [25] - Remaining Performance Obligations (RPO) totaled $186 billion, demonstrating a 31% year-over-year increase [25] - Non-GAAP Operating Margin stood at 27%, a ~200bps increase [25] - Non-GAAP Free Cash Flow Margin was 14% [25] FY2024 Guidance - Subscription revenues are projected to be between $10575 million and $10585 million, representing a 22% year-over-year increase [9] - Non-GAAP Subscription Gross Margin is expected to be 845% [9] - Non-GAAP Operating Margin is anticipated to be 295%, a ~200bps increase [9] - Non-GAAP Free Cash Flow Margin is forecasted at 31%, a ~50bps increase [9] Subscription Revenue Growth Trends - Q2-24 Non-GAAP Constant Currency Subscription Revenues were $2552 million [12] - The company has 1988 customers with over $1 million in ACV [41]