ServiceNow, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2014
January 30, 2014 at 02:31 am IST
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ServiceNow, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended Dec. 31, 2013. For the quarter, total revenues were $125,230,000 against $75,162,000 for the same period of last year. Loss from operations was $19,361,000 against $9,538,000 for the same period of last year. Loss before provision for income taxes was $23,687,000 against $9,082,000 for the same period of last year. Net loss attributable to common stockholders was $24,232,000 against $9,931,000 for the same period of last year. Basic and diluted LPS was $0.17 against $0.08 for the same period of last year. Net cash provided by operating activities was $36,267,000 against $16,671,000 for the same period of last year. Purchases of property and equipment was $16,262,000 against $9,910,000 for the same period of last year. Non-GAAP net loss of $3.0 million, or loss of $0.02 per basic and diluted share, compared to a non-GAAP net loss of $0.6 million, or $0.00 per basic and diluted share, in the fourth quarter of 2012.
For the year, total revenues were $424,650,000 against $243,712,000 for the same period of last year. Loss from operations was $66,267,000 against $37,584,000 for the same period of last year. Loss before provision for income taxes was $71,197,000 against $35,980,000 for the same period of last year. Net loss attributable to common stockholders was $73,708,000 against $37,656,000 for the same period of last year. Basic and diluted LPS was $0.54 against $0.51 for the same period of last year. Net cash provided by operating activities was $81,746,000 against $48,766,000 for the same period of last year. Purchases of property and equipment was $55,321,000 against $42,066,000 for the same period of last year. A non-GAAP net loss of $11.0 million, or a loss of $0.08 per basic and diluted share, compared to non-GAAP net loss of $9.7 million, or a loss of $0.14 per basic and diluted share, in the prior year.
For the first quarter of 2014, the company expects total revenues between $133 and $135 million, representing year-over-year growth between 55% and 57%. Total first quarter revenue estimate consists of subscription revenues between $112 and $113 million and professional services and other revenues between $21 and $22 million.
For the full year 2014, the company expects total revenues to be in the range of $640 to $645 million, representing year-over-year growth between 51% and 52%. Total annual revenues estimate consists of subscription revenues between $533 and $535 million and professional services and other revenues between $107 and $110 million.
ServiceNow, Inc. is specialized in the development of digital workflow solutions. The group delivers applications to automate the IT operations of companies, optimize employee workflows, improve business processes, etc.
Net sales by revenue source are divided between sales of subscriptions (96.8%) and professional services (3.2%).
Net sales are distributed geographically as follows: North America (63.6%), Europe/Middle East/Africa (25.6%) and other (10.8%).
ServiceNow, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2014