Friday, January 26, 2024

ServiceNow Quarterly Net New ARR Added ($M)

 https://cloudedjudgement.substack.com/p/clouded-judgement-12624-q4-earnings 

I have added a quarterly pivot to understand if there is any seasonality in the numbers.

I could find some lower numbers in Q2, but don't know why? 

Here are the charts:

(without clustering by quarter)


(with clustering by quarter)


Calculation sheet: https://1drv.ms/x/s!AivyNrTGX5bqgbBds93i3AeNyE-3vg?e=aLr9FL  

$60 bn company growing at 3% vs $8 bn company growing at 30% YoY

 Intersection is likely in 2032-2033 i.e. in 8 years from today.