In a reminder – if ever one were needed – of the sheer brass neck of celebrity tech CEOs, Bill McDermott, head honcho at helpdesk-cum-workflow-slinger ServiceNow, has informed investors that mergers and acquisitions (M&As) are bad for tech integration and engineers hate them.
ServiceNow has reported revenue of $1.6bn in the fourth calendar quarter of 2021, up 29 per cent on a year earlier. The firm posted a $2m loss, which had narrowed slightly, but was bullish about the future. Subscription sales hit $1.5bn in the fourth quarter, up 30 per cent on a year earlier. The firm expects them to reach $1.6bn by the next quarter, 25 per cent growth year-on-year.
But it was the earnings call that might just to ruffle the feathers of seasoned industry watchers.