ServiceNow, Inc. (NOW) CEO Bill McDermott on Q1 2022 Results - Earnings Call Transcript

ServiceNow, Inc. (NYSE:NOW) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET

Company Participants

Darren Yip - VP of IR

Bill McDermott - President and CEO

Gina Mastantuono - CFO

Conference Call Participants

Keith Weiss - Morgan Stanley

Brad Sills - BofA Securities

Arjun Bhatia - William Blair

Karl Keirstead - UBS

Philip Winslow - Credit Suisse

Samad Samana - Jefferies

Kash Rangan - Goldman Sachs

Matt Hedberg - RBC Capital Markets

Alex Zukin - Wolfe Research

Gregg Moskowitz - Mizuho Securities

Kirk Materne - Evercore ISI

Tyler Radke - Citigroup

Brad Zelnick - Deutsche Bank

Operator

Ladies and gentlemen, thank you for standing by, and welcome to ServiceNow's First Quarter 2022 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Darren Yip, Vice President of Investor Relations, you may begin your conference.

Darren Yip

Good afternoon and thank you for joining ServiceNow's first quarter 2022 earnings 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 first quarter 2022 results and discuss our guidance for the second 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 forward-looking statements. We'd like to also point out that we have presented 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, both posted on our website at investors.servicenow.com. A replay of today's call will also be posted on our website.