Q1 2025 Financial Performance - Subscription revenues reached $3,005 million, a 19% year-over-year increase, or 20% in constant currency[20] - Current Remaining Performance Obligations (cRPO) totaled $1031 billion, growing 22% year-over-year[20] - Remaining Performance Obligations (RPO) amounted to $221 billion, reflecting a 25% year-over-year increase, or 255% in constant currency[20] - Non-GAAP operating margin was 31%, up approximately 50 basis points year-over-year[20] - Non-GAAP free cash flow margin was 48%, an increase of approximately 100 basis points year-over-year[20] Q2 and FY 2025 Guidance - Q2 2025 subscription revenues are projected to be between $3,030 million and $3,035 million, representing a 19%-195% year-over-year increase[23] - Q2 2025 cRPO growth is expected to be 195%[23] - FY 2025 subscription revenues are guided to be between $12,640 million and $12,680 million, an 185%-19% year-over-year increase, or 195% in constant currency[23] - FY 2025 non-GAAP operating margin is expected to be 305%, an increase of approximately 100 basis points[23] - FY 2025 non-GAAP free cash flow margin is projected to be 32%, an increase of approximately 50 basis points[23] Customer and Workflow Insights - ServiceNow has approximately 8,400 global customers, with over 85% of the Fortune 500 relying on its solutions[18] - The company maintains a high renewal rate of 98%[50]
ServiceNow(NOW) - 2025 Q1 - Earnings Call Presentation