Summary
This 8-K filing from ServiceNow, Inc. announces the company's financial results for the third quarter ended September 30, 2013. The report primarily serves to furnish a press release detailing these results, which is incorporated by reference. Investors should note that while GAAP results are presented, ServiceNow also provides non-GAAP financial measures, including adjusted gross and operating margins, net income, EPS, and free cash flow, excluding stock-based compensation and including other adjustments. The company emphasizes that these non-GAAP metrics are intended to supplement, not replace, GAAP figures and aid in analyzing core operating performance and cash generation. Billings, calculated as revenue plus changes in deferred revenue, is also presented as a key operational metric for understanding sales volumes.
Key Highlights
- 1ServiceNow announced its financial results for the third quarter of 2013.
- 2The company is providing a press release (Exhibit 99.1) with detailed financial results for the three months ended September 30, 2013.
- 3ServiceNow utilizes and provides non-GAAP financial measures to supplement GAAP results.
- 4Key non-GAAP metrics include adjusted gross and operating margins, net income, EPS, and free cash flow, excluding stock-based compensation.
- 5Billings, defined as revenue plus the change in total deferred revenue, is presented as a measure of sales volume and business performance.
- 6The company encourages investors to consider both GAAP and non-GAAP results for a comprehensive view.
- 7The filing is an 8-K reporting on October 23, 2013, with the earliest event date of October 22, 2013.