By Mandy Richardson
This July in ServiceNow news, ServiceNow shows a year-over-year growth of 41%, Jakarta is released, and Donahoe decides to focus on a new marketing strategy.
No signs of slowing down for ServiceNow – according to its latest second-quarter earnings report. Subscription billings accounted for $411 million of its revenues, representing a 41 percent year-over-year growth. Not only that but the company has 403 customers currently with an annual contract valuing $1 million or more each, and of those, 75 percent are expected to buy more than just one of its products.
Industry investors find this news optimistic. Dave Vellante of Wikibon told SiliconANGLE, “The company’s operating profit continues to grow, and operating cash is also growing, the company has the potential to be the next big software player and can challenge the likes of Salesforce in the ‘hot, cool company category.”
Perhaps some of the most exciting news for the year – riding alongside y-o-y earnings – is the release of ServiceNow’s newest Now Platform, Jakarta. The experts on the ServiceNow Community blog break down Jakarta’s most exciting features which will help to improve user experiences, here’s a quick snippet.
To learn more, keep an eye on the ServiceNow Community Blog.
“SaaS enterprise platforms have become an integral part of our day to day work-life. So much that any newer technological upgrade on/for them is expected to improve the way we perform at work.” – Gokul Suresh; Content, Inbound and Social Media at Whatfix. And out of necessity, SaaS companies are using interactive walkthrough as a way to simplify applications and make training, support, and onboarding cheaper and easier all around: Cue ServiceNow’s Guided Tour Designer feature in its release of Jakarta. That’s the simple takeaway – if you’re looking to go deeper be sure to read the article.
With such tremendous growth, ServiceNow makes it to the list of the top 1000 SaaS companies according to employee size growth. Good news if you’re a ServiceNow professional, and if the above article on their earnings release is any indication – they will likely continue hiring. Check out the list to keep up-to-date.
Encouraged by the release of its earnings, ServiceNow CEO John Donahoe decided to start focusing on customer success stories. On the topic, he tells diginomica, “What we are going to do is put a little more focus on customer success, so that we’re capturing and documenting and codifying the business value that gets created, which helps a CIO or an IT department within their organization demonstrate the value they are driving inside their company and frankly helps us on upsells, on price realization and on landing new accounts.” This way the company gets to show and not tell the successes their customers have – a great marketing strategy which will give ServiceNow quite the competitive advantage.
Did we miss something in the exciting world of Niche IT or ServiceNow news? Let us know in the comments below, or by tweeting us @washington_frk.
Washington Frank is a third party recruiting firm and not affiliated with ServiceNow, Inc.
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