Six years ago, ServiceNow’s market share in IT service management stood at 10%. By last year, the cloud-based platform, which helps IT teams run an organization’s technology infrastructure, had leaped to 40%. ServiceNow claims 42% of the 2,000 largest global companies among its customer base; better yet, it has a 97% retention rate. While this growth has come without much profit—think of it as an IT Amazon—sales have risen almost 700% over the past five years, and the company aims to hit $4 billion in revenue, a 130% jump from today’s mark, by 2020.
|CEO||John J. Donahoe II|
|HQ Location||Santa Clara, Calif.|
|Revenues ($M) (Past 12 Months)||$2,265|
|Profits ($M) (Past 12 Months)||$-114|
|Market Value as of Oct. 10, 2018 ($M)||$30,632|