IBM ServiceNow Roars, US$134 billion to US$125B

In the latest issue of Market Cap Madness, the rapidly growing ServiceNow with a run rate of US$6 billion is now valued at a higher valuation than the iconic IBM, with annual revenue of US$75 billion.

In my weekly Top 10 Cloud Wars Ranking, Serve immediately Yes #7 and IBM It’s #9.

As I mentioned earlier, my use of the term “crazy market capitalization” is not to express disagreement or doubt about the valuation assigned to any particular cloud provider by free market investors. Rather, the term is intended to reflect two things:

• The trillions of dollars invested in the top 10 providers of Cloud Wars reveals the amazing potential of the enterprise cloud market; and
• Incidental fluctuations in the relative value of individual companies in the Cloud Wars Top 10.

The most recent jaw-dropping example of these stratospheric rotations is that the 18-year-old ServiceNow’s market value will end in 2021, with revenue in the range of $6 billion, which has surpassed the 110-year-old ServiceNow. IBM will generate approximately $75 billion in revenue in 2021.

IBM’s huge cloud business — $26 billion in cloud revenue for the 12 months ended June 30 — has grown well, and IBM has a strong support business in artificial intelligence and data. In addition, it has established long-term and deep close relationships with many of the largest companies in the world, and has one of the most accomplished R&D institutions in the history of the business world.

CEO Arvind Krishna stabilized the company and explained its market position and unique capabilities to the world. During his 18-month tenure, IBM’s market value increased by approximately 25%. Therefore, many good things are happening in and around IBM.

But ServiceNow seems to exist in other fields and is not bound by all the laws of physics that bind most of us.

In the two years since Bill McDermott took over as CEO, the market value of ServiceNow has doubled-doubled! ——In a highly competitive and ruthless market. As its valuation has continued to rise for six months, ServiceNow’s $134 billion market value makes it far ahead of IBM’s $125 billion.

We all need to remember that although these numbers and underlying emotions are completely valid and relevant, they are also temporary—the one physical law that still links companies such as ServiceNow to this terrestrial realm is that time advances mercilessly.History shows that although only a few companies can build a real breakthrough momentum in their market, they can maintain Over time, this kind of leadership is trivial.

This is a simple example: in mid-July, I wrote an article called Market value crazy: Oracle surpasses Salesforce on Cloud Surge This records how Oracle’s market value has gone from being overwhelmed by Salesforce and surpassing it in less than 12 months.

But, as mentioned earlier, all of this is fleeting-since the July 13 article, although Oracle’s market value has continued to rise, the market value of Salesforce has soared, and the market value scoreboard now looks like this : Salesforce $262 billion, Oracle $251 billion.

Therefore, pay tribute to all the companies mentioned in this overview-each company is and will continue to play an important role in driving innovation and breakthroughs, creating the world’s largest growth market.