ServiceNow Inc (0L5N.L) Q4 2024 Earnings Report

ServiceNow reported a solid Q4 2024, underscoring the continued strength of the Now Platform across enterprise workflows. Revenue of $2.957 billion rose 21.3% year-over-year and 5.7% quarter-over-quarter, while gross margins held near 78.7%, supporting operating leverage even as operating expenses remained elevated. Net income of $384 million and an EPS of $1.86 (diluted $1.84) contributed to a free cash flow generation of approximately $1.382 billion, with operating cash flow of $1.635 billion and free cash flow per share of about $6.71. The balance sheet remains highly liquid, with cash and short-term investments totaling roughly $5.762 billion and a net cash position of about $26 million, against modest debt of $2.177 billion. The quarterly results reinforce ServiceNow’s position as a platform-centric, enterprise-grade automation leader, leveraging strong margin discipline and robust cash generation to fund R&D and GTM investments.