ServiceNow Inc (NYSE:NOW)
$ 730.12 0.33 (0.05%) Market Cap: 149.95 Bil Enterprise Value: 147.05 Bil PE Ratio: 78.09 PB Ratio: 18.50 GF Score: 88/100
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ServiceNow Inc at JPMorgan Technology, Media and Communications Conference (Virtual) Transcript

May 13, 2020 / 05:20PM GMT
Release Date Price: $361.29 (-1.18%)
Madhu Namburi;JPMorgan;Head of Technology Investment Banking

Okay. Okay. So it is my pleasure to introduce Bill McDermott. I'm Madhu Namburi. I run our technology investment banking for JPMorgan. It is absolutely an honor to have Bill do our keynote from ServiceNow. I will just spend 30 seconds on Bill. As most of you guys know him very well, having spent close to 18 years at SAP, I just thought there are a couple of stats that just absolutely pop out in my view when he was CEO at SAP over a 9-year period. The stock price tripled, revenues close to tripled with an annual CAGR of 10%, which is despite their size and scale, and they went from marginal market positions to several leadership positions across portfolio. He replicated that when he joined ServiceNow. In the 6 months, when he joined, the stock, ServiceNow stock was $266, and it's trading at $366, which is over 43% despite the pandemic. So hats off.

And the last thing, I will, before I pass on to Sterling is, Bill, you absolutely were at the front of the line to announce SaaS earnings, and with your level of

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