ServiceNow reported Q1 revenue of $3.77 bn, 22% YoY growth, and adjusted EPS of $0.97, meeting estimates.
Full‑year revenue guidance of $15.735‑$15.775 bn fell short of consensus $15.988 bn, a $233 m shortfall, triggering a 14% share decline.
Company announced a deeper Google Cloud partnership and completed Armis acquisition, expected to add 125 bps subscription growth but cause near‑term margin pressure.
Subscription revenue reached $3.67 bn, 22% YoY, with 75 bps headwind from delayed Middle East on‑prem deals.