SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — ServiceNow Inc. (NOW) on Wednesday reported fourth-quarter net income of $295 million.
The Santa Clara, California-based company said it had profit of $1.43 per share. Earnings, adjusted for one-time gains and costs, came to $3.11 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share.
The maker of software that automates companies' technology operations posted revenue of $2.44 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $2.4 billion.
For the year, the company reported profit of $1.73 billion, or $8.42 per share. Revenue was reported as $8.97 billion.
For the current quarter ending in March, ServiceNow said it expects revenue in the range of $2.51 billion to $2.52 billion.
The company expects full-year revenue in the range of $10.56 billion to $10.58 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOW at https://www.zacks.com/ap/NOW