ServiceNow quarterly figures: strong growth continues

Revenue up 22% year-over-year, driven by strong demand for cloud services

ServiceNow reported strong quarterly results, with revenue up 22% year-over-year to $1.7 billion. The company's subscription revenue grew 23% to $1.5 billion, and its professional services revenue grew 19% to $220 million. ServiceNow's strong growth was driven by continued demand for its cloud-based services, which help businesses automate their workflows and improve their productivity.

Key highlights from the quarter include:

* **Subscription revenue grew 23% year-over-year to $1.5 billion.** This growth was driven by strong demand for ServiceNow's cloud-based services, which help businesses automate their workflows and improve their productivity. * **Professional services revenue grew 19% year-over-year to $220 million.** This growth was driven by increased demand for ServiceNow's implementation and consulting services. * **ServiceNow added 860 new customers in the quarter, bringing its total customer count to 11,000.** These new customers include a number of large enterprises, such as Volkswagen, Unilever, and Walmart. * **ServiceNow's operating margin expanded to 18.3%, up from 17.6% in the same period last year.** This improvement was driven by the company's strong revenue growth and its continued focus on expense control. ServiceNow's strong quarterly results are a testament to the company's continued execution of its strategy. The company is well-positioned to continue to grow its business in the future as demand for cloud-based services continues to increase.