Executive DepartureServiceNow 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.
GenAI Product MonetizationSeveral 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 RevenueAnalyst believes 2H24 presents risk to consensus Subscription, presenting material risk in the stock, currently trading at a rich 15x EV/NTM likely recurring revenue.