Cloud provider ServiceNow is undoubtedly one of the leaders in the software industry. In just a few years, ServiceNow has successfully become the undisputed market leader in service management. Since the initial public offering, the stock price has risen a full 2,000%. According to CEO Bill McDermott (Bill McDermott), this is far from over.
In an interview with the newspaper world When asked if ServiceNow is willing to achieve its $10 billion mid-term revenue target on its own, McDermott replied:
We can do it ourselves. Servicenow is currently growing at a rate of about 30% every year. We have the highest rate of return and the best profit rate in the industry. This is a very good, very loyal and loyal customer, and the update rate is close to 100%. There is no customer who is not satisfied with Servicenow anywhere in the world. You know me, I’m hungry! I hope everyone wins. I hope everyone on the team can do their best. I want to win championships and titles.
When it comes to ServiceNow’s stock market value, McDermot is full of confidence:
I don’t understand why our market value should not be doubled in a few years. Few companies have similar business models and can grow as fast as we do. Our future looks very bright. When I first entered SAP, the company’s market value was 39 billion euros. I want to double the value. On the last day of SAP, the market value was close to 170 billion US dollars. Therefore, we even doubled it. Interestingly, when I start Servicenow, its size may be the same as when it was started in SAPnow.
DERAKTIONÄR also believes in this powerful software and hopes that the future business development will be very strong. Investors can get papers from ServiceNow. The stop loss should be set at 270 euros.
You can read more about ServiceNow in DERAKTIONÄR No. 22/2020-downloadable in PDF format here.
Explanation of possible conflicts of interest:
The author Emil Jusifov directly took a position on the following financial instruments mentioned in the publication or related derivatives that could benefit from any resulting price increases: ServiceNow.
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