Video transcript: ServiceNow had a strong quarter. Then it forecast 18.5% growth. Wall Street wanted 19.8%. The stock fell 27% in one day. Lesson: markets pay for the future.
Why a good quarter cost ServiceNow 27%
It forecast 18.5% growth; Wall Street wanted 19.8%. Layoffs followed days later, its third round this year.
The lessonMarkets pay for the future, not the past.
Source: Salesforce Ben
No comments yet. Be the first to make the call.
Comments are saved on this device only for now.