The Santa Clara, CA-based cloud software solutions company reported adjusted earnings of 23 cents per diluted share, surpassing analysts' projections of 21 cents per share.
Revenue rose 37% to $357.7 million year-over-year and topped Wall Street's estimates of $353.0 million.
Billings climbed 41% to $404.3 million from last year, while subscription billings jumped 47% to $363 million compared to a year ago.
For the fourth quarter, ServiceNow projects revenue between $376 million and $381 million. Analysts surveyed by FactSet are looking for $377 million for the current period.
For the full year, the company is now modeling revenue in the range of $1.38 billion and $1.39 billion vs. its prior guidance range of $1.37 billion to $1.38 billion. Wall Street expects $1.38 billion in revenue for 2016, according to FactSet.
Shares of ServiceNow closed lower on Wednesday. About 2.29 million shares of the company traded today vs. the 30-day average volume of 1.57 million.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, weak operating cash flow and generally high debt management risk.
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