ServiceNow Q3 Report to Test Its 19.5% cRPO Growth Target

ServiceNow will release third-quarter results after U.S. markets close Wednesday, as investors weigh its 19.5% current remaining performance obligations growth target and recent AI contract gains. For Q3, the company forecasts subscription revenue of $3.975 billion to $3.980 billion, which would be 20.5% above the year-earlier quarter. Its cRPO growth target is 19.5%, rising to 20% on a constant-currency basis. Foreign-exchange movements are expected to reduce the year-over-year Q3 cRPO comparison by about $35 million. The company set this outlook with its Q2 results.

Source: TokenPost