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Home » Why ServiceNow Is Bullish for 2023
Cloud Wars Minute

Why ServiceNow Is Bullish for 2023

Bob EvansBy Bob EvansFebruary 3, 2023Updated:April 13, 20232 Mins Read
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Acceleration Economy Cloud Wars

Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. Each episode provides insights and perspectives around the “reimagination machine” that is the Cloud.

This episode is sponsored by Acceleration Economy’s Digital CIO Summit, taking place April 4-6. Register for the free event here. Tune in to the event to hear from CIO practitioners discuss their modernization and growth strategies.

In this Cloud Wars Minute, Bob Evans explores the bullish attitude of ServiceNow and the company’s CEO, Bill McDermott.

Highlights

00:35 — ServiceNow is seeing very strong, continuous growth heading through 2023. Bob “takes a look” into why ServiceNow and the company’s CEO, Bill McDermott, are so bullish on the prospects for the coming year.

01:01 — As McDermott was talking broadly about customers, he noted the company is in the middle of a “great reprioritization.” Now, for customers, the five big keys are:

  • Integration
  • Automation
  • Speed
  • Great customer experiences
  • Significant business impact that is immediately realized

01:29 — Additionally, McDermott stated that ServiceNow is offering very strong guidance for revenue growth in 2023. Bob says the company’s CFO projected that the revenue growth will come between 22.5% and 23.5%.

01:48 — For the quarter that ended Dec. 31, ServiceNow reported that it closed 126 deals of $1 million or more.

02:00 — McDermott said that “we’re in the middle of what is now a platform economy.” He used this term to reflect the notion that businesses are now not only buying applications from big software companies but also creating massive numbers of applications. McDermott said he believes there will be more than 750 million applications created in the next two years.

03:01 — Bob thinks this commentary from McDermott represents how ServiceNow is really standing out from most of the other Cloud Wars Top 10 companies in its bullish outlook for what’s coming up.

04:03 — The ServiceNow platform can effectively help customers keep non-essential costs down while leveraging growth opportunities in the long term.


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Bob Evans

Founder, Cloud Wars
Co-Founder, Acceleration Economy

Areas of Expertise
  • Cloud
  • Digital Business
  • LinkedIn

Founder of Cloud Wars and Co-Founder of the Acceleration Economy, Bob leads the strategic direction of the global analyst network and actively covers the Cloud and Digital Business categories. Creator of Cloud Wars Top 10, a ranking and ongoing analysis world's most influential tech companies driving digital business and the digital economy. World-class strategic communicator focused on emerging business strategy, disruptive innovation, and forward-looking leadership.

  Contact Bob Evans ...

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