April 23, 2014 / 8:27 PM / in 4 years

CORRECTED-ServiceNow 1st-quarter revenue beats estimates

(Corrects second paragraph to show the company’s net loss widened, not narrowed)

April 23 (Reuters) - ServiceNow Inc, which makes software to automate and manage IT services, reported better-than-expected first-quarter revenue, helped by the addition of new customers.

The company’s net loss widened to $43.3 million, or 30 cents per share, in the quarter ended March 31, from $13.4 million, or 10 cents per share, a year earlier.

Excluding items, the company reported a loss of 8 cents per share, in line with the analysts’ average estimate.

Revenue rose 62 percent to $139.1 million, beating Wall Street estimates of $134.6 million. (Reporting by Soham Chatterjee; Editing by Simon Jennings)

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