8-KEarnings & ResultsLeadership ChangesExhibits & Filings

ServiceNow, Inc. 8-K Report, Financial Results (Apr 24, 2019)

Filed April 24, 2019For Securities:NOW

Summary

ServiceNow, Inc. (NOW) filed an 8-K on April 23, 2019, primarily to announce its first-quarter 2019 financial results via a press release (Exhibit 99.1). While specific financial figures are not detailed within the 8-K itself, the filing indicates the company is reporting results for the period ending March 31, 2019, and references the use of both GAAP and non-GAAP financial measures, encouraging investors to review both for a comprehensive understanding. In addition to financial results, the report also disclosed a change in its Board of Directors. Ronald E.F. Codd announced he will not seek re-election at the upcoming annual meeting, citing the company's growth phase as a reason for his retirement from the Board. Following this, the Board approved a reduction in its size from eleven to ten members, effective after the annual meeting. Investors should consult the attached press release for detailed financial performance metrics.

Key Highlights

  • 1ServiceNow announced its Q1 2019 financial results via press release filed as Exhibit 99.1.
  • 2The company reported financial results for the three months ended March 31, 2019.
  • 3ServiceNow utilizes and reports both GAAP and non-GAAP financial measures.
  • 4Investors are encouraged to consider both GAAP and supplemental non-GAAP information.
  • 5Director Ronald E.F. Codd will not stand for re-election at the upcoming annual meeting.
  • 6Mr. Codd's departure is attributed to the company entering a new growth phase, not a disagreement.
  • 7The Board of Directors' size will be reduced from 11 to 10 members post-annual meeting.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce ServiceNow's financial results for the first quarter ended March 31, 2019, through an attached press release (Exhibit 99.1). It also reports on a change within the company's Board of Directors.

Detailed financial performance metrics for Q1 2019 are available in the press release dated April 24, 2019, which is included as Exhibit 99.1 to this 8-K filing. Investors should refer to this exhibit for specific revenue, profit, and other financial data.

Yes, Ronald E.F. Codd informed the Board that he will not seek re-election as a director at the upcoming annual meeting. This decision is stated to be unrelated to any disagreement with the company and is framed as a retirement as ServiceNow enters a new growth phase. Consequently, the Board's size will be reduced.

Yes, ServiceNow makes reference to non-GAAP financial information in its press release. The filing encourages investors to consider these supplemental non-GAAP measures alongside GAAP results and to review the provided reconciliation between GAAP and non-GAAP figures for a thorough understanding of the company's performance.