Bill McDermott, Chairman and CEO at ServiceNow, has set out the ambition to turn the organization into the "defining enterprise software company of the 21st century".
McDermott made the statement during the company's quarter four earnings call for the fiscal year 2022 on Wednesday, January 25.
ServiceNow revealed during the call that it had achieved total revenue of $1,940 million during Q4, which equated to 20 percent year-over-year growth.
Subscription revenues were also up during Q4 for FY 2022 and represented a 22 percent year-over-year growth.
McDermott commented on the successful quarter: "ServiceNow continues to perform as a beyond-expectations company.
"Our Q4 surge in new business shows that the secular tailwinds of digitization aren’t going anywhere.
We are driving net‑new innovation, fast growth, and operating leverage. The world works with ServiceNow as the end‑to‑end platform for digital transformation.
The Q4 results mean the company's contract revenue that will be recognized as revenue in the next 12 months was $6.94bn and represented a 22 percent year-over-year growth.
ServiceNow also revealed that the company has over 1,600 customers with an annual contract value of more than $1 million.
The Next Big Platform?
ServiceNow believes it is becoming a platform company, with its new partner program taking it further in this direction.
