ServiceNow Inc. (NYSE: NOW)
Software - Application · Santa Clara, CA, United States · Founded 2004
- Market capitalization: $190.0 billion
- Annual revenue: $1.93 billion
- Net income: $1.75 billion
- Employees: 23,800
- Sector: Technology
- Headquarters: Santa Clara, United States
- Founded: 2004
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ServiceNow builds cloud-based workflow automation software that large enterprises use to manage IT services, HR operations, customer service, and security. Think of it as the operating system for corporate bureaucracy u2014 it digitizes and automates the tedious processes that keep big organizations running. Over 85% of Fortune 500 companies use ServiceNow. Fred Luddy founded the company in 2004, and it now generates over $9 billion in annual revenue.
Subscription revenue from its Now Platform accounts for over 95% of total revenue. Customers pay annual or multi-year contracts based on the number of users and modules deployed. The land-and-expand model is powerful u2014 companies start with IT service management and gradually adopt HR, security, and customer service modules. Net revenue retention rates consistently exceed 125%.
Fred Luddy founded ServiceNow in San Diego in 2004 after leaving Peregrine Systems. IPO in 2012 at $18 per share. Bill McDermott (former SAP CEO) took over as CEO in 2019 and accelerated growth. The company crossed $1 billion in annual revenue in 2018 and $9 billion by 2024. ServiceNow has been one of the best-performing enterprise software stocks of the past decade.
| Market Capitalization | $190.0B |
| Annual Revenue | $1.93B |
| Net Income | $1.75B |
| Profit Margin | 91% |
| Revenue per Employee | $81092K |
| Stock Exchange | NYSE |
| Ticker Symbol | NOW |
Financial data is approximate and based on most recent annual filings.
ServiceNow's platform processes over 60 billion workflow transactions per year. Bill McDermott lost his left eye in an accident in 2015 and wears a prosthetic u2014 he rarely discusses it publicly. The company's customer renewal rate exceeds 98%, which is almost unheard of in enterprise software.
ServiceNow is the rare enterprise software company that's both massive and still growing fast u2014 the AI-powered workflow automation opportunity could make this a $200+ billion company.
What is ServiceNow Inc.'s revenue?
ServiceNow Inc. generates approximately $1.93 billion in annual revenue.
How many employees does ServiceNow Inc. have?
ServiceNow Inc. employs approximately 23,800 people worldwide.
What is ServiceNow Inc.'s market cap?
ServiceNow Inc. (NOW) has a market capitalization of approximately $190.0 billion on the NYSE.
When was ServiceNow Inc. founded?
ServiceNow Inc. was founded in 2004 and is headquartered in Santa Clara, CA, United States.
Who is the CEO of ServiceNow Inc.?
Bill McDermott is the current CEO of ServiceNow Inc..
What is ServiceNow Inc.'s website?
ServiceNow Inc.'s official website is servicenow.com.
| CEO | Bill McDermott |
| Sector | Technology |
| Industry | Software - Application |
| Founded | 2004 |
| HQ | Santa Clara, CA |
| Country | United States |
| Website | servicenow.com |
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