OUR $NOW PRE-EARNING THOUGHTS

ServiceNow heads into earnings with one of the messiest narratives in large-cap tech.  Operationally, very little has broken. In the past decade, revenue has expanded from ~ $1B to about $13B today, and while percentage growth has naturally decelerated from the low-30s to the low-20s, the absolute dollar growth has actually accelerated. Yet despite that, […]

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