8-KEarnings & ResultsExhibits & Filings

ServiceNow, Inc. 8-K Report, Financial Results (Apr 16, 2015)

Filed April 16, 2015For Securities:NOW

Summary

ServiceNow, Inc. (NOW) filed an 8-K on April 16, 2015, to report its financial results for the first quarter ended March 31, 2015. The report primarily directs investors to a press release (Exhibit 99.1) for detailed financial information and highlights the company's use of non-GAAP financial measures. These non-GAAP measures, which exclude items like stock-based compensation, amortization, and acquisition-related expenses, are presented to offer investors a clearer view of the company's core operating performance and facilitate year-over-year comparisons. Key non-GAAP metrics discussed include billings and free cash flow, which management believes provide important insights into the company's sales performance and cash generation capabilities. Investors are encouraged to review both GAAP and non-GAAP results, along with the provided reconciliations, to gain a comprehensive understanding of ServiceNow's financial condition and operational results. The company emphasizes that its non-GAAP calculations may not be directly comparable to those of other companies. The filing itself is procedural, serving as an official notification of the earnings release and the accompanying financial data.

Key Highlights

  • 1ServiceNow reported its Q1 2015 financial results on April 16, 2015, via an 8-K filing.
  • 2The primary information is contained within an attached press release (Exhibit 99.1).
  • 3The company utilizes and emphasizes non-GAAP financial measures for reporting.
  • 4Non-GAAP measures exclude items such as stock-based compensation, amortization of intangibles, and acquisition-related expenses.
  • 5Key non-GAAP metrics highlighted include billings and free cash flow.
  • 6Constant currency information is also provided to show performance independent of foreign exchange fluctuations.
  • 7Investors are advised to consider both GAAP and non-GAAP results, with reconciliations provided.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report ServiceNow, Inc.'s financial results for the first quarter ended March 31, 2015, and to furnish the accompanying press release as an exhibit.

Non-GAAP financial measures are financial calculations that exclude certain items such as stock-based compensation, amortization of intangibles, and acquisition-related costs from GAAP (Generally Accepted Accounting Principles) results. ServiceNow uses them because management believes they provide a more useful and comparable view of the company's core operating performance and business trends for investors.

Billings is a non-GAAP metric calculated as revenue plus the change in total deferred revenue. Management believes it offers investors a useful supplemental measure to understand the sales volumes and overall performance of ServiceNow's business.

The detailed financial results, including the reconciliation of non-GAAP to GAAP measures, are provided in the press release dated April 16, 2015, which is attached as Exhibit 99.1 to this Form 8-K filing.