Feeling the customer love Managing partner Doug Leone said he had never seen such positive reviews from customers . ServiceNow ' s revenue was doubling annually , and the company became cash-flow positive , expanding deals with customers like Deutsche Bank , Intel and McDonald ' s In 2012 , after resisting a bid from VMware , the company went public .

Silicon Valley calling Fred Luddy and a team of developers started building the platform in San Diego , CA , moving from offices known as , “ the schoolhouse ”, to the “ wooden spaceship ” in Solana Beach , to Del Mar , and eventually to the University Town Center area . ServiceNow ultimately moved its HQ north to Silicon Valley in 2013 . By 2016 , revenues hit US $ 1.39bn and the market cap US $ 12.34bn .

Future growth Current remaining performance obligations (“ cRPO ”), contract revenue that will be recognised as revenue in the next 12 months , was US $ 5.69bn , representing 29 % yearover-year growth and 30.5 % adjusted for constant currency . As of 29th April , 2022 , ServiceNow ’ s market cap stands at US $ 94.28bn .

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