Special tariffs and economic weakness have little impact on the software industry. Progress cannot be stopped. In order to stay relevant, more and more companies are daring to undertake digital transformation-usually supported by ServiceNow.
Cloud is the growth engine
If you dare to look back on Donald Trump’s stock performance, then the “Software and Services” sector is undoubtedly one of the best performing sectors. No matter what you think of the President of the United States, it is difficult for him to write about the rise of software stocks on the “starry flag”. Another price driver is at work-namely cloud.
22% of all computer tasks in the company have been outsourced to the cloud. Infrastructure services from Amazon, Microsoft and Google alone have grown by more than 55%. In the further development of the Trump legislature, this growth should continue. Because currently only 37% of American and European companies rely on PaaS (Platform as a Service) and 49% of IaaS (Infrastructure as a Service).
Except for the differences of discussion and the competition process for big technology, the industry hardly needs to worry about American politics. So far, special tariffs on software have not become a problem. The willingness to invest in IT is still high, because technological progress will not stop due to economic weakness. Anyone who wants to keep in touch in the future cannot miss the company’s digitalization.
Payee: ServiceNow
Large service providers such as ServiceNow are particularly benefiting from the cloud’s accelerating digital transformation. Once the team decides to manage its IT through the ServiceNow platform and organize the digital work steps with the help of market leaders, there is little going back.
ServiceNow customers want to maintain their identity by providing better offers and use their data to develop better offers-a positive feedback loop, which is reflected in strong customer loyalty, continuous sales and strong expansion Willingly. Morgan Stanley stated that subscription sales in the last quarter increased by 36% and will continue to grow at an average annual rate of 27% for the next two years.
Currently, the stock’s trading price is a record high of $302.99. The driving force this week is the announcement of a strategic partnership with Microsoft. Companies and public administrations subject to strict supervision should benefit from cooperation. Servicenow will also provide its SaaS product portfolio on Microsoft Azure.
Growing market leaders who are hardly affected by political uncertainty are not cheap. However, shareholders believe that the surcharge is worthwhile, and proposed to establish a surcharge in the 26/2019 period.
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