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Fortune
Fortune
Nick Lichtenberg

ServiceNow just told Wall Street it's going to double again. Here's why $30 billion of revenue isn't crazy

mcdermott (Credit: © Photo by Jason Redmond)

Bill McDermott has a habit of making promises that sound like boasts and then keeping them.

When he took the helm of ServiceNow in 2019, the company was doing $3.5 billion in annual subscription revenue. This year, it will finish at nearly $16 billion. “We are printing a new ServiceNow every year,” he told reporters at the company’s annual Knowledge conference in Las Vegas on Tuesday. It’s clearly more than a rehearsed punchline — just take a look at the math that he’s seeing.

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