ServiceNow, Inc. Q2 Profit Decreases, But Beats Estimates

(RTTNews) - ServiceNow, Inc. (NOW) announced earnings for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $262 million, or $1.26 per share. This compares with $1044 million, or $5.08 per share, in last year's second quarter.

Excluding items, ServiceNow, Inc. reported adjusted earnings of $651 million or $3.13 per share for the period.

Analysts on average had expected the company to earn $2.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.3% to $2.63 billion from $2.15 billion last year.

ServiceNow, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $262 Mln. vs. $1044 Mln. last year. -EPS (Q2): $1.26 vs. $5.08 last year. -Revenue (Q2): $2.63 Bln vs. $2.15 Bln last year.