ServiceNow, Inc.
Q2 2022 Earnings Call
Jul 27, 2022, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, everyone, and welcome to the second quarter 2022 ServiceNow earnings conference call. I would now like to turn today's call over to Darren Yip, vice president, head of investor relations. Please go ahead, sir.
Darren Yip -- Vice President, Investor Relations
Thank you. Good afternoon and thank you for joining ServiceNow's second quarter 2022 earnings conference call. Joining me are Bill McDermott, our president and chief executive officer, and Gina Mastantuono, our chief financial officer. During today's call, we will review our second quarter 2022 results and discuss our guidance for the third quarter and full year 2022.
Before we get started, we want to emphasize that some of the information discussed on this call such as our guidance is based on information as of today and contains forward-looking statements that involve risks, uncertainties and assumptions. We undertake no duty or obligation to update such statements as a result of new information or future events. Please refer to today's earnings press release and our SEC filings, including our most recent 10-Q and 2021 10-K for factors that may cause actual results to differ materially from our forward-looking statements. We'd also like to point out that we present non-GAAP measures in addition to and not as a substitute for, financial measures calculated in accordance with GAAP.
Unless otherwise noted, all financial measures and related growth rates we discuss today are non-GAAP except for revenues, remaining performance obligations, or RPO, current RPO and cash and investments. To see the reconciliation between these non-GAAP and GAAP measures, please refer to today's earnings press release and investor presentation, which are both posted on our website at investors.servicenow.com. A replay of today's call will also be posted on our website. With that, I'll turn the call over to Bill.
Bill McDermott -- President and Chief Executive Officer
Thank you, Darren, and hello, everyone. We appreciate you joining us for today's call. ServiceNow's Q2 results once again beat expectations on the top line and the bottom line. Revenue growth was 29.5% at constant currency.
Operating margin was 23%. Both results were above our guidance for the quarter. Our 99% renewal rate remains the industry's benchmark. We had 54 deals over $1 million.