ServiceNow has announced its Q2 2012 revenue growth in Aug. They showed 93%growth y-o-y and 20% q-o-q. They did 57 M in Q2.
They are expecting 61 M - 63 M in Q3 which is around 90%+ growth y-o-y. This year they will be doing around 230M. The growth is very high.
This year they conducted user conference and there were 2000 participants. This is double of last year. There is a big growth in their revenue. At the same time their spending is drastically increasing.
Compared to last year second quarter, they have doubled their spending. Last year their spending on sales and marketing was around 15 M and this year it is 33 M. In addition their net income has become negative.
They have gone public this year. The biggest advantage for them is this. When you become public, you have to see the growth rate mainly. The net income is going to be secondary for public listed companies.
Once they show the growth, the company value get increased. This is the major difference between a privately held company and a public listed company.
Saravanan
They are expecting 61 M - 63 M in Q3 which is around 90%+ growth y-o-y. This year they will be doing around 230M. The growth is very high.
This year they conducted user conference and there were 2000 participants. This is double of last year. There is a big growth in their revenue. At the same time their spending is drastically increasing.
Compared to last year second quarter, they have doubled their spending. Last year their spending on sales and marketing was around 15 M and this year it is 33 M. In addition their net income has become negative.
They have gone public this year. The biggest advantage for them is this. When you become public, you have to see the growth rate mainly. The net income is going to be secondary for public listed companies.
Once they show the growth, the company value get increased. This is the major difference between a privately held company and a public listed company.
Saravanan
