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ServiceNow, Inc. Q1 Profit Decreases, but beats estimates

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

The company's bottom line came in at $75 million, or $0.37 per share. This compares with $82 million, or $0.41 per share, in last year's first quarter.

Excluding items, ServiceNow, Inc. reported adjusted earnings of $352 million or $1.73 per share for the period.

Analysts on average had expected the company to earn $1.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.5% to $1.72 billion from $1.36 billion last year.

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

-Earnings (Q1): $75 Mln. vs. $82 Mln. last year.
-EPS (Q1): $0.37 vs. $0.41 last year.
-Analyst Estimates: $1.70
-Revenue (Q1): $1.72 Bln vs. $1.36 Bln last year.

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