Executive DeparturesServiceNow announced the departure of two significant executives, which was tied to an internal investigation related to the hiring of a former government employee (CIO of U.S. Army) that violated internal policy.
Revenue Growth RisksSeveral partners expressed concern about 2H24, especially since GenAI monetization is not happening en masse and is not likely to materialize this year, as management has suggested it would.
Subscription GuidanceAnalyst believes there is material risk that NOW will have to lower top-line subscription guidance for 2024.