ServiceNow (NOW) CEO Dinner Highlights New Growth Areas - William Blair

William Blair analyst Bhavan Suri reiterated an Outperform rating on ServiceNow (NYSE: NOW) after hosting an investor dinner with the new CEO Bill McDermott, who officially took over the role on November 15th, earlier than previously expected.

The analyst stated "McDermott pointed to three key areas that he believed would drive organic growth over the next several years: 1) international expansion; 2) industry expansion; and 3) more focus around buying centers. On the international front, just about one-third of the company’s revenue is generated outside North America today. There is significant room to grow international revenue in large economics in Europe and Asia, where ServiceNow is still relatively young, as well as other geographies where ServiceNow does not really have a presence today, like Latin America and the Middle East."

For an analyst ratings summary and ratings history on ServiceNow click here. For more ratings news on ServiceNow click here.

Shares of ServiceNow closed at $279.12 yesterday.

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