Global subscription revenues at technology company ServiceNow rose 30 per cent in the first quarter of the year,while its European business grew 80 per cent. The company increased free cash flow margin 7 points year on year to 46 per cent. ServiceNow has more than 1,100 customers doing more than $1 million in business, representing 23 per cent year on year growth in customers. Looking ahead, the company expects to see a simialr level of subscription revenue in the second quarter, and between $5.45 billion and $5.47 billion for the year. We are making the world of work, work better for people,” Mr McDermott told analysts.

Source: The Irish Times April 29, 2021 15:31 UTC